This week's financial market meltdown had a lot in common with a toddler tantrum. ... But toddlers see best in simple terms. So too do traders, who spat out their pacifiers and revolted, driving stock prices down by 3 percent on Monday.
A good tantrum doesn't just annoy parents, it also draws the attention of onlookers. Some drew parallels with the 1987 stock market crash, and others described the Fed as behind the curve. Jealous siblings tend to add fuel to tantrums.
Just so you know, even July's anemic employment growth was higher than the average through the Trump presidency, which was hit by big losses at the start of the pandemic. Also under President Trump's watch, the S&P 500 experienced larger daily declines 21 times.
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