It is a bit more complicated than just data becoming a liability.
There are a bunch of moves that the current president has taken that undo the actions the previous president took to help the United States and the global economy recover from the worst financial recession in history. The undoing of all of those efforts and the efforts of previous generations is seriously a risk the global marks and capitalism.
Potential NAFTA withdraw, TPP withdraw, Paris Climate Accord withdraw, starting trade wars, creating America isolationism, is a serious headwind for the global economy for for American prosperity.
The markets are beginning to price that in and will continue to do so until we get back on the course we were on before this administration took office.
There are a bunch of moves that the current president has taken that undo the actions the previous president took to help the United States and the global economy recover from the worst financial recession in history. The undoing of all of those efforts and the efforts of previous generations is seriously a risk the global marks and capitalism.
Potential NAFTA withdraw, TPP withdraw, Paris Climate Accord withdraw, starting trade wars, creating America isolationism, is a serious headwind for the global economy for for American prosperity.
The markets are beginning to price that in and will continue to do so until we get back on the course we were on before this administration took office.