Sunday, March 4, 2018

Cramer: If Gary Cohn Leaves Trump White House, Investors May Take Profits

Following the announcement of President Trump's trade tariffs, financial media is speculating about the future of National Economic Council Director Gary Cohn, who is pro-free trade and anti-tariff.

"I feel very, very strongly that if Gary leaves, that's a reason that people would pause and say I'm going to take profits in XYZ," said Cramer, founder of The Street.

Cramer may have a very good point here. Cohn has been a speed bump that has slowed Trump's trade war leaning tendencies. Without Trump near the President, the anti-trade advisors will be egging Trump to impose more tariffs, which will certainly shrink the economy.

Traders understand this and are likely to sell on news of Cohn leaving the White House.

Trump could be taking the economy into a very dark place---and this is on top of Fed money manipulations that could crash the economy at any time.

  -Robert Wenzel 

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