It was only three years ago that a dispute between an infamous crypto billionaire and a titan of the financial establishment became the center of attention at an annual event known as the Davos of the derivatives market.

The U.S. stock market is sinking further Tuesday after President Donald Trump raised the stakes in his trade war, pulling Wall Street more than 9% below its record set just a month ago.

They thought his second term would be like the first, giving priority to economic growth and the stock market. Trump had other ideas.

Economy / Everyone knows Trump is messing up, but fear and greed prevent resistance. Jeet Heer Normally, it’s a mistake to blame the fluctuations of the stock market on the actions of just one person—even if they are president of the United States.