Equity futures have been gyrating lower between 250 and 500 Dow points after the resignation of top Presidential economic advisor Gary Cohn.
Of course the resignation comes on the heels of the tariff announcement from last week. Cohn was not on board the tariff decision.
We don’t have much to say about this except we might need our seat belts on for an hour or two tomorrow. Then like the tariff announcement the mini-panic will be over.
Let’s face it – if markets gyrate for this issue we are all in the hands of lunatics – and we are. Let’s hope someday they don’t hit too many wrong buttons and accidentally send the markets 30% lower.