Markets Breathe Easier After Trump Dumps Bannon Not Cohn

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FILE - In this April 29, 2017, file photo, Steve Bannon, chief White House strategist to President Donald Trump is seen in Harrisburg, Pa. Bannon says there’s no military solution to North Korea’s threats and says the U.S. is losing the economic race against China. (AP Photo/Carolyn Kaster, File)

Reports from multiple news services are telegraphing the firing of Steve Bannon, and markets are breathing easier.  The prospect of losing former Goldman Sachs star Cohen roiled markets, and many market watchers believe sacrificing Bannon is perfect timing.

Tune back as we get more information on Bannon and Cohen, as we are getting our information from reliable sources. This is what we have to date..

Conservative internet news mogul Matt Drudge reported Friday that White House chief strategist Steve Bannon is leaving the White House.

Drudge tweeted Friday that Bannon “had one hell of a run…” He led his website with the headline “BANNON OUT AT WHITE HOUSE,” but did not provide any additional details.

Drudge has a close relationship with administration officials and has visited President Donald Trump’s White House.

The news came as rumors of Bannon’s departure reached a fever pitch in recent days and hours

This is a developing story.

Photo credit AP

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Steve Kanaval Portfolio Manager (Digital Currency) Ault & Company www.ault.com teve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve is one of the few managers who publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. Ault & Company is a private diversified holding company identifying undervalued public & private companies and disruptive technologies that executes strategies to achieve an above market rate return and liquidity for investors while measuring impact and sustainability principles of their disruptive technology and investment strategies.

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