‘I'm Certain of Absolutely Nothing': A Wall Street Insider Explains Why the Market Is Spooked [Yahoo! Finance]
BNP PARIBAS SPONS ADR (BNPQY)
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Source: Yahoo! Finance
firm MacroPolicy Perspectives, said that's because investors and executives had convinced themselves that Trump wouldn't do anything significant to disrupt the market's upward trajectory. “We had a pretty great setup for Trump,” Coronado said in an interview with POLITICO Magazine, paraphrasing the thinking on the Street. “Why would he mess with that?” Coronado, a former Federal Reserve economist who's held top roles at BNP Paribas and the hedge fund Graham Capital Management, is a widely sought after economic consultant whose clients include asset managers, hedge funds and banks. I spoke with Coronado as she drove to the University of Texas at Austin, where she's a clinical associate professor of finance at the McCombs School of Business. Wall Street craves predictability, but Trump's early priorities — including off-and-on tariffs, government cutbacks and immigration crackdowns — signal that this time around, the president has a much stronger appetite for disruption. He has re
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