DJIA down 506.96(-1.93%)

Why? Recession fears, thanks to inverted yield curve, slowing economies across Europe, the idiotic Trump trade war doing damage to US, China, and elsewhere, Brazil’s mess, and even Brexit.

Super. Trump’s answer? Let’s show how strong the economy is by demanding the Fed cut interest rates even more.

The economy isn’t strong if you’re cutting interest rates. It’s the opposite. It’s a sign the economy is sluggish, slowing, or worse. Trump thinks goosing the rate will somehow save his hide from the consequences of his damaging trade war.

So, he’s taken to attacking his latest pick for the Fed.