Wall Street Wary To Start The Week

Trump's Triumphs Are Not Encouraging Wall Street Bulls

Wall Street apparently did not get Donald Trump’s memo about his triumphal week last week

While the President’s Truth Social feed is filled with typically Trumpian expressions of self-congratulation (while unironically also expressing care, concern, and compassion for the victim’s of Texas’ Independence Day floods), Wall Street is starting the week in a far less celebratory mood.

The Dow, S&P, and NASDAQ futures are all underwater as Wall Street heads towards the opening bell.

Corporate media, as per usual, blames Trump, trade wars, and tariffs—and not necessarily in that order.

What is ironic is Wall Street so far is ahead on the year, with the major stock indices up 5%-6%—much of that coming in recent weeks.

So far, President Trump’s policy bets have ended well for financial markets.

Yet the pessimism endures. Is ideology beating out simple economics, or are the markets pricing in something others are so far overlooking?