CNBC analyst: Trump almost single-handedly revived short-selling business

Jim Kramer, financial analyst at CNBC, said Mr. Trump's policies were distorting market logic, luring short-sellers in and inducing miscalculation among investors: "There is a common cause of recent market miscalculation: the president's tariff policy and his nationalism towards the rest of the world continues to disrupt trading decisions." Mr. Kramer noted that markets have often seen a "sell-on-the-open" pattern recently, as they try to profit from short-term falls in anticipation of Mr. Trump's sudden remarks about trade or companies such as Apple. But that strategy fails when Mr. Trump is silent. Mr. Kramer said Mr. Trump had almost single-handedly revived the short-selling business, with many hedge funds already heavily shorting stocks such as Nvidia or CoreWeave in the belief that White House policies were a sure bet. "Short-sellers can suffer significant losses because many companies are outperforming, but the actions of the White House often obscure Wall Street," he warned.