After the 2016 election, markets climbed in anticipation of the GOP tax cuts. The more certain they became the more the market priced them in. Naturally that climb stopped when they were enacted.
Now they are being moved by the uncertainty generated by this administrations somewhat schizophrenic trade policy; the GOP stands for free trade (good for markets) and Trump for protectionism, trade barriers and tariffs (bad for markets).
When it becomes clearer which side will prevail will might seem some stability returning. If it is protectionism, expect the markets to fall further.
Just don't expect Trump to own it on the way down like he did on the way up.
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