Some unease hit the markets during the string of resignations that shook the White House. The Dow Jones, for example, dropped in mid-August to its lowest performance in three months, when Trump’s handling of the Charlottesville protests led to rumors that National Economic Council Director Gary Cohn was next to resign. Some talking heads on the CNBCs of the world went so far as to proclaim that a Cohn resignation would prompt a severe market crash. It’s not about Cohn or any other high-ranking official walking out on Trump. The markets want stability, a President Trump who will stay in line, behave and follow rules. The markets got that with Kelly overseeing White House operations — and taking action when instability threatens. The markets will remain comforted that the generals are in charge.
