The Stock Market Is Really Jittery Right Now

Yesterday the stock market surged, supposedly on news that a trade deal with China was in the works. Today, the stock market has plummeted, supposedly on news that Trump lied about how likely a deal really is. If all this is actually true, it means that Wall Street investors are idiots. They can’t possibly still be taking Trump’s tweets at face value, can they?

There’s no telling, really. In any case, explanations of why the market has gone up or down on any particular day should always be taken with a shaker of salt. The more likely explanation is shown in this chart:

The market has been volatile ever since October. If I knew why I’d be a billionaire, and for all you know, maybe I am. But I’m not. So I have no idea why everyone has gotten so jittery over the past couple of months. Whatever the reason, though, this week’s ups and downs are most likely just the same jitters that began in October. I doubt they really have anything to do with Trump’s Twitter idiocies at all.

Speaking of which, did you hear that Trump signed the new and improved NAFTA treaty while he was in Argentina? Unfortunately, our dealmaker-in-chief, who’s signed so many deals you wouldn’t believe it, couldn’t figure out where to sign this one.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

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It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

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We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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