Investors ‘Buy The Dip’ After Trump Slams Wells Fargo’s “Bad Acts”
Posted by Tyler Durden on December 8, 2017 2:25 pm
Tags: Business, donald trump, Donald Trump on social media, Economy of the United States, Twitter, united states, Wells Fargo
Categories: Business donald trump Donald Trump on social media Economy Economy of the United States Twitter United States Wells Fargo
In an out-of-the-blue tweet perhaps aimed at reassuring his base that his not ‘with the banks’, President Trump took aim at Wells Fargo this morning…
Fines and penalties against Wells Fargo Bank for their bad acts against their customers and others will not be dropped, as has incorrectly been reported, but will be pursued and, if anything, substantially increased. I will cut Regs but make penalties severe when caught cheating!
— Donald J. Trump (@realDonaldTrump) December 8, 2017
And while the initial reaction was modest, the volume is very heavy…
But it did not take long for dip-buying algos to emerge…
Is Trump trying to make nice with Pocahantas after all?