Stock Market Takes a Political Risk Discount after President Trump’s Press Conference on the Virus
As CNBC reported: “Dow plunges 1,100 points, bringing its decline from a record high to more than 10%,” and is, in part, due to the significantly increased level of political risk to President Trump from the Wuhan virus, according to GOP Washington, D.C. insiders.
They believe the stock market took a political risk discount after President Trump’s recent press conference, in case things don’t turn out well, as President Trump predicted.
As one insider put it, “the market believes the risks of Senator Sanders being elected just went up. The drop cannot be explained by the economic effects of the virus alone.”