THE TRUMP EFFECT ON MACY'S
Macy's stock market capitalization has cratered from approximately $20 billion on the day they cut ties with Donald Trump to $9.5 billion today. Sales are down 40% versus last year. The absolutely hideous 1-year and 5-year stock charts are below.
The lesson is simple: do not mess with the Trump Train or you will be annihilated.
Will Amazon suffer a similar fate after Trump threatened them last week? Here's a screenshot of Amazon's stock price and market cap on the day he issued the threat. Something worth watching as we head to November.
MACY'S 5-YEAR CHART
MACY'S 1-YEAR CHART
