As Wall Street Tries To Trade On Trump's Tweets, Problems Emerge
Remember when investing was about reading financial reports, following news, anticipating cash flows, inferring the impact of monetary policy on risk prices, occasionally looking at charts (because while traders say past performance is not predictive, virtually everyone expects a chart to forecast precisely what will happen). Well, now it is about simpler things: like what asset will China's great bubble-chasing army send into the stratosphere or, as has been the case over the past few weeks, what will Donald Trump tweet about next.