White House interventionism rattles Wall Street
The pervasive reach of the US executive branch into sectors previously spared its attention is causing unease. Equity markets have turned edgy just as earnings season kicks off and the Supreme Court could, perhaps, issue its ruling on tariffs today. Or not. It is, after all, this autumn's cliffhanger. Meanwhile in Asia, China has broken an export record and Japan is dreaming of a supersized stimulus plan.