Cohen Resigns - Futures Tank - Did we say VOLATILITY!
Gary Cohn has resigned as the White House's Chief Economic Advisor leaving President Trump's administration. Many people have speculated that should Cohn leave that it would have an adverse reaction in the markets. It appears that they were 100% correct. At one point this evening the Dow futures were -460 points. One message you hear about often on this blog is market volatility. Hang on we should see some tomorrow.
Cohn was President Goldman Sachs and a staunch advocate of free trade - let the market set the price - and he was diametrically opposed to the stiff tariffs on steel and aluminum imports that President Trump recently announced.