Stock futures point to sharply lower opening after Wall Street-friendly Cohn resigns

[Yo_Mama_Been_Loggin]

An exchange-traded fund measuring the broad U.S. stock market fell in extended trading Tuesday after news that White House chief economic advisor Gary Cohn is resigning.

Cohn, former Goldman Sachs president and COO, was seen as supporting more business-friendly policies.

The SPDR S&P 500 ETF Trust (SPY) fell more than 1 percent in after-hours trading Tuesday.

"I think this is definitely a bigger deal than some of the other departures, due to Cohn's reputation as proponent of Wall Street, said Dan Deming, managing director at KKM Financial. "Short-term I believe it would increase concerns of an increased probability of a trade war escalating."


https://www.msn.com/en-us/money/markets/stock-futures-point-to-sharply-lower-opening-after-wall-street-friendly-cohn-resigns/ar-BBJXn9n?ocid=spartandhp

Trump's revers Midas touch

[Wellstone ruled]

1. Appears the chickens have come home to roost.

Schwab will be e-mailing their standard do not panic alert overnight just like two weeks ago,to all their 401's and IRA managed accounts Brokerage Accounts.

[KPN]

2. I'm going to go out on a limb here and

just say workers may see every Wall St drop as a good thing despite what long term implications of trade wars may actually mean for them. Wall Street and Main Street -- two different things especially in a short horizon.

[ooky]

3. I dont think our highly manipulated stock market

gives a damn what Gary Cohn does.

200 point drops are just another normal day on the stock market.