Trump's Market = Fake News

DJ Trump often boasts about the stock market in speeches -- “how’s your 401k doing?” has become a favorite refrain. But he didn’t mention the market during his remarks on Monday at Sheffer Corp., a factory in Blue Ash, Ohio, where he recounted “a tidal wave of good news” about the economy -- even as stocks tumbled. "Democrats who did not applaud as he relayed positive numbers about black and Hispanic unemployment during his State of the Union address, accusing them of being “un-American” and “treasonous.”DJ TrumpThat good times may be nearing at end if Wall Street is anything to go by. U.S. stocks plunged in highly volatile trading on Monday, with the Dow industrials falling nearly 1,600 points during the session, its biggest intraday decline in history, as investors grappled with rising bond yields and potentially higher inflation.“Where does the market rout end? I think we are pretty close to a selling climax here. The fundamentals are pretty good. The only thing that is really different is that bond yields got up to 2.8 percent.”The benchmark S&P 500 slumped 4.1 percent and the Dow 4.6 percent, suffering their biggest percentage drops since August 2011 as a long-awaited pullback from record highs deepened.Reuters