Kornacki: Numbers Are ‘Uneasy, Volatile, Unsettling’

EXCERPT:

KORNACKI: “Yeah, I mean, uneasy, volatile, unsettling — you could pick whatever adjective you want. But here's what the numbers look like this past week. Looking at the Dow average here with all of the news. You start last Monday, and look, you could see how the averages plummeted late Monday. That is when Trump made the announcement that the tariffs were coming. It continued on Tuesday as the tariffs were imposed. Of course, then you had the reprieve for automakers, deferring a lot of the other tariffs, and the market did start to make a little bit of upward movement. And actually, on Friday, when you added in that new jobs report, you know, some folks on Wall Street feared it might be worse than it was. The market actually did close up a bit on Friday, but down significantly for the week. And if we broaden this out, zoom out and take a broader look at the trajectory of the market here, two things to highlight here in terms of Trump and his policies. Take a look at this. Again, this is the Dow average. Between Election Day and Inauguration Day, it was up basically 4%. There was optimism on Wall Street about what Trump would do as president. But since Inauguration Day, when Donald Trump began enacting policies like we saw this week with tariffs, it's been a very different reaction from Wall Street. Down more than a point and a half since Trump was inaugurated.”