I’ll leave the political cause-and-effect to other people. What I care about is the number, and the number is being oversold. “$2 trillion erased” is a 2.5% move. Big market, big dollar figure, ordinary-sized drop. A 2.5% selloff is not “one of the fastest in history,” it just sounds like it when you quote the dollars instead of the percent. And pinning a fast market move on a single headline is usually a story we tell after the fact. Markets this jumpy sell off on anything, or nothing. Read the percentage, ignore the narrative. The move is real but it’s not the catastrophe the framing wants it to be.