'Symptomatic of the lack of policy coordination': Here's what Wall Street analysts are saying about

Source: Market Watch

Published: March 12, 2020 at 10:24 a.m. ET
By Steve Goldstein

The reviews on Wall Street to President Donald Trump’s prime-time Oval Office address on the response to the coronavirus were not kind.

From Trump’s misstatements of White House policy to his lack of clarity on the funding he wanted, analysts said the speech ended up being more harm than help in his apparent desire to calm financial markets. The speech included him saying that cargo from Europe would be blocked, which the White House clarified was not accurate and that the ban was limited to passengers.

Here’s a look at what some are saying, as markets kicked off another rough day, with U.S. stocks SPX, -6.765% SPX, -6.765% falling sharply enough at the opening bell to trigger the week’s second trading halt.

Read more: https://www.marketwatch.com/story/symptomatic-of-the-lack-of-policy-coordination-heres-what-wall-street-analysts-are-saying-about-trumps-speech-2020-03-12?mod=mw_latestnews