For those who cannot read the story, the gist is that at the same time that Trump was “down playing” the threat from the virus senior members of his administration gave private briefings to the Board of the conservative Hoover Institution and other major supporters that were far less sanguine. A hedge fund consultant wrote a memo about these briefings which circulated among the fat cats and fueled the sell-off that we saw.
From the article . . . “But the memo’s overarching message — that a devastating virus outbreak in the United States was increasingly likely to occur, and that government officials were more aware of the threat than they were letting on publicly— proved accurate.”
From the article . . . “traders spotted the immediate significance: The president’s aides appeared to be giving wealthy party donors an early warning of a potentially impactful contagion at a time when Mr. Trump was publicly insisting that the threat was nonexistent.”
Another MAJOR scandal in this Scandal-a-day Presidency.