Matthew Lynn is a financial columnist and author. He writes for the Daily Telegraph and the Spectator in London.
A Rose Garden announcement triggers panic on Wall Street; then a post on Truth Social sends stock prices soaring. A promise of upcoming news launches a market rally, which slumps when the actual news is delivered that evening. Anyone who follows the stock market is familiar with the phenomenon. In President Donald Trump’s second term — particularly its first few months — his abrupt announcements have driven the stock market in a way that past presidents’ moves have seldom done. And that’s troubling.
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