"This is the type of announcement that raises the question of whether Treasury sees problems that the rest of the market is missing," Cowen & Co. analyst Jaret Seiberg wrote in a note to clients. "Not only did he consult with the biggest banks, but he is talking to all of the financial regulators on Christmas Eve. We do not see this type of announcement as constructive."
Mnuchin plans to convene a call on Monday with the President's Working Group on financial markets, which includes the chairman of the Federal Reserve and top market and business regulators.
https://www.cnn.com/2018/12/24/investing/stock-market-today-dow/index.html
Submitted December 24, 2018 at 10:29AM by caliphornian http://bit.ly/2CyxNLr
