The staffing turnover sweep of 2018 takes its latest victim this morning as Gary Cohn, now former chief economic advisor, Goldman Sachs COO, and certified globalist cuck announces his departure from the MAGA cabinet apparatus of President Donald Trump. Like so many before him, poor Gary found himself a little too close to the action, took a peek behind the curtain and shit a brick. Good riddance.
All this on the heels of Trump’s big steel tariff authorization – the new “fuck you, pay me” bill set to put the squeeze on countries like South Korea, China, Japan, Germany, Turkey, Brazil, all of them good friends of ours but what can you do? If Trump wants to knuckle down on the whole 1950’s steel town commodities economy, he’s going to need a goddamn bond market cowboy with one foot in ETC contracts and the other up the president’s ass, not Gary Cohn. I take no pleasure in shit-talking a Goldman Sachs man, but this hippie globalist tool has no business in the executive branch.
In any news, he’s out and Wall Street is throwing a tantrum.
The Dow opens up this morning in a hangover, the market selling off, down 240 points right after the bell. Caterpillar (CAT), Boeing (BA), Goldman Sachs (GS), Wal-Mart (WMT), Nike (NKE) all eating shit and down about a percent and a half each.
The S&P isn’t too far off, down 23 points overall. Dollar Tree (DLTR) down nearly 16 points, Ross (ROST) down nearly 6. Come on folks, this is America. People will always buy cheap shit.
Banks are shedding altitude. JP Chase (JPM) down nearly two points, Morgan Stanley (MS) down a point, Goldman Sachs (GS) down five, Citi (C) and Wells (WPC) down almost a point each.
Tech is bent over as well. Apple (AAPL), Facebook (FB), Microsoft (MSFT), Amazon (AMZN) – You get a hit, you get a hit, you get a hit, you get a hit, the whole board running scared.