[Hawthorn]

>> This “fluctuation” looks like an emotional reaction to me <<

You could be correct. And time will tell whether such Trump’s erratic behavior creates lasting damage.

But for the time being, I think the most useful explanation is simply that the market was looking for an excuse to make a correction.

[RoosterRedux]

I read somewhere this morning that it appeared for a while that traders were at last developing a thick skin and learning not to react to Trump's negotiating style of creating and using high tension. But then they finally cracked when they saw Trump ramp up the tariff talk with China.

I bought some US Steel just after the opening bell this morning.

I expect it will be back up in the near future.

The difference between me and professional traders is that their entire careers hang in the balance with every decision.

Me? Not so much.

On top of that, I have watched Trump for a long time and have a very clear understanding of how he operates.

Trump's style looks chaotic, but that because he doesn't show his opponent (or us) his negotiating strategy.

Trump is a cool customer.