No, I don’t think so. There are no market fundamentals driving such an enormous drop. As Sun Tzu wrote, it takes no great power of observation to see lightning or hear thunder.
The potentially HUGE upside to this though is that the Fed may have just put itself on Trumps radar. No serious discussion about any power elite can fail to put front row and foremost the secretive banking canal that has the power to create for itself and its clients literally infinite sums of money, and do so with no accountability or transparency even remotely appropriate for such an enormous power.
Do you think you could buy somebody off for a billion dollars? How about ten billion? How about a hundred billion? All chump change for people who have a magic keyboard where they put in as many ones and zeroes as they like, and nobody other than those involved is ever the wiser.
We have s lot of f great people in our government. But we have some sons of bitches too, and they are the bankers muscle and enforcers. That has to stop.