Morning Money – Trump’s dangerous dance with Wall Street

Author: , Post Date: March 25, 2020
image_pdfimage_print

Excerpt from…

Morning Money – Trump’s dangerous dance with Wall Street

By BEN WHITE and AUBREE ELIZA WEAVER – 03/25/2020

David-Kotok-Quote - Coronavirus Jan 28-2020-Politico

CNBC reported that President Donald Trump and Vice President Mike Pence held a conference call on Tuesday with big Wall Street investors to discuss re-starting the economy during the coronavirus crisis. Titans on the call reportedly included Third Point’s Dan Loeb, Blackstone’s Stephen Schwarzman, Vista Equity’s Robert Smith, Intercontinental Exchange’s Jeffrey Sprecher and Paul Tudor Jones, hedge fund manager and co-founder of JUST Capital.

So what happened with markets? Cumberland’s David Kotok (who warned very early on to MM readers about the likely coronavirus impact): “It was stimulus from the most deeply oversold market in a century. … POTUS is so full of himself. That is where we are. This is a wartime footing for the nation and its markets. We need trusted leadership, not an apprentice.”

Read the full Morning Money update at POLITICO.com .


Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

Sign up for our FREE Cumberland Market Commentaries

Cumberland Advisors Market Commentaries offer insights and analysis on upcoming, important economic issues that potentially impact global financial markets. Our team shares their thinking on global economic developments, market news and other factors that often influence investment opportunities and strategies.

cumber map
Cumberland Advisors® is registered with the SEC under the Investment Advisers Act of 1940. All information contained herein is for informational purposes only and does not constitute a solicitation or offer to sell securities or investment advisory services. Such an offer can only be made in the states where Cumberland Advisors is either registered or is a Notice Filer or where an exemption from such registration or filing is available. New accounts will not be accepted unless and until all local regulations have been satisfied. This presentation does not purport to be a complete description of our performance or investment services. Please feel free to forward our commentaries (with proper attribution) to others who may be interested. It is not our intention to state or imply in any manner that past results and profitability is an indication of future performance. All material presented is compiled from sources believed to be reliable. However, accuracy cannot be guaranteed.
Loading...