Again, he's a moron who bankrupted every legit business he touched.
President Trump's 'haphazard' tariff delivery has shaken markets, says chief market strategist
The market's after-hours decline can be attributed to a divergence between what investors were expecting versus President Donald Trump's tariff policy announcement earlier this afternoon, according to Art Hogan, chief market strategist at B. Riley Wealth Management.
"I think that the market had a modicum of belief that we would have an announcement on tariff and trade that was universally applied and less worse than feared. And I think that was what manifested in markets over the course of the last couple of days," Hogan told CNBC in an interview.
But instead, it seems like the markets weren't expecting for President Donald Trump to not only issue a blanket 10% tariff, but additional higher duties for select nations.
"What was delivered was as haphazard as anything this administration has done to date, and the level of complication on top of the ultimate level of new tariffs is worse than had been feared and not yet priced into the market," Hogan added. "That's exactly where I think we are right now."
— Lisa Kailai Han