The stock shills on Wall St. are scared spitless that Main St. deplorables are getting their wages raised and that the economy is running ahead of the “experts’” projections.
As a result of the rapidly expanding economy, they are afraid the Federal Reserve will hike interest rates, and they have become addicted to very cheap borrowing over the past 8 years. They thought they could chase 30,000 on the Dow with a 1% interest rate forever.
Exactly. What Trump should be worried about is the impact of rising rates. It's Trump's Treasury department now. Rate have been artificially held down for years. If they rise too much the interest payments on the debt alone will consume much of the budget.
Trader's don't like uncertainty. Never have.
What's happening in D.C. effects their thinking........