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.

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REAL QUICK, REAL URGENT

Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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