Yesterday, Peter Navarro, the mad scientist behind Trump's tariffs, announced that he was not interested in taking over Garry Cohn's job. Apparently in response to Navarro's statement, stocks spiked to session highs
Today it was reported that Navarro is running a stealth campaign for the job, and stocks took a hit.
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It turns out that he is after all, and a report from Axios claiming that Navarro is running a stealthy campaign to fill Cohn's old job had the opposite effect, helping spook stocks.
According to Axios, "publicly, Navarro has been coy, telling Bloomberg TV he's not in the running for the job. But privately, the hardcore trade adviser is all in for the job" which in turn has "terrified" D.C.As reported yesterday, stocks spiked in the middle of the day when BBG first reported that Navarro had no "Cohn" career intentions.
"Sources familiar with Navarro's thinking" told Axios there are too many people inside the White House who oppose the president's agenda - especially on trade, and the president would like to remedy this.
Cohn reportedly tried to undercut Navarro at every turn, telling colleagues that Navarro "had no idea what he was doing, no grasp of economics, and constantly "lied to the president."
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https://www.zerohedge.com/news/2018-...-job-after-all
