Source: CounterPunch
by Dean Baker
“Business leaders didn’t care if Trump lived largely in a fantasy world where global warming isn’t happening and he won the 2020 election. Nor did it matter to them that Trump was committed to using the power of the government to punish the people he considers enemies. None of this mattered. Trump promised big tax cuts and to use the government to strengthen business’s hand at every opportunity. But the world seems to have changed. Despite Trump’s pledge to turn the government over to the corporate world, the financial markets seem unhappy. Since Trump took office in January, the S&P 500 is down a bit more than 3.0 percent. … Markets can be very wrong, but one thing they are definitely right about is the sentiment of investors, and right now that sentiment looks pretty damn negative. Trump can spin endless nonsense to the media and his supporters, but for now at least investors aren’t buying it.” (05/28/25)
https://www.counterpunch.org/2025/05/28/mad-money-why-the-markets-are-angry-at-trump/