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The trade in Trump’s social-media previews
['Https', 'Www.Semafor.Com Author Liz-Hoffman', 'Business', 'Finance Editor']
Semafor
President Donald Trump has a social-media site.
He says market-moving things on that site, which is now selling early access to those things for $100,000 a month.
But the investors I’ve talked to this week who are willing to admit they might sign up see a different kind of value.
They’ll be less likely to overreact and better able to distinguish the TACO stands from messages with longer-lasting market effects.
It’s the oldest money-making trick on Wall Street, updated for a president whose mouth writes checks his policy apparatus can’t cash.