Cohn resignation … opens up whole new wave of uncertainty

ICYMI (you living under a rock or something?), Gary Cohn has resigned as President Trump’s top White House economic adviserResponses collated by Bloomberg are along expected lines …. not a positive development but not wholly unexpected:

  • «Of all the Trump administration resignations, this will be the one most meaningful for markets.» 
  • «Cohn was the administration official financial markets had the most confidence in. This opens the environment up to whole new wave of uncertainty. The likelihood of a trade war just jumped dramatically.»

Here is the link to the Bloomberg piece for more What Market Players Are Saying on Departure of ‘Grown Up’ Cohn

Another Initial Cohn Offering goes to zero 
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