The big stock market correction that Trump can’t talk his way out of is official

Throughout his presidency, Donald Trump has kidnapped and extradited the leader of Venezuela, threatened to annex Greenland, mused about ousting the chair of the Federal Reserve, and waged economic war on his closest allies, all while (more or less) keeping the stock market from tipping into bearish territory.

The Iran war increasingly looks like the one instance where physical reality has outrun his ability to control the narrative.

The Nasdaq 100 has now fallen over 10% from its peak...