"Mnuchin's Nostalgia Surges on Twitter"

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Mnuchin

Insider

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US Politics

Wall Street is getting cut out of Trump 2.0

Summary

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74% Informative

In Trump 1.0 , Steven Mnuchin served as a sort of Wall Street whisperer in the White House .

In the absence of such a figure, investors are facing a Trump 2.0 who isn't as concerned about their feelings as they'd hoped.

Wall Street's approach to Trump has long had an element of wishful thinking to it.

The White House says Wall Street fears aren't necessarily reflective of what's happening in the real economy.

The S&P 500 is down by 5% since the start of the year , and the Dow by 3% .

Many smart people did not expect to be in "don't-look-at-your-401(k)" territory this early in Trump 's second term.

This belated Mnuchin mania is the manifestation of broader anxieties about the Trump administration and a recognition that this time really is different.

Trump is moving faster and breaking things quicker.

Remember that supposed "committee to save America " of people surrounding Trump to rein him in back in 2017 ? They are not invited to the party this time.

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Informative language

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Article tone

informal

Language

English

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not offensive

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not hateful