Liberation Day was supposed to invigorate the U.S. economy, at least according to the Trump administration. And logically, it would seem to make sense, as protectionist policies should in theory bolster domestic enterprises. Unfortunately, the market had other ideas. Over the past five sessions, the benchmark S&P 500 lost 9.5%, which many would consider a strong repudiation of the president’s mandate.
Irrespective of one’s political preferences, though, President Trump succeeded in a key area: he crafted an unprecedented platform for market speculation.
