At the time, Trump was assuring Americans on Twitter that the coronavirus was “very much under control” and claiming the stock market was “starting to look very good to me!”
Word of private uncertainties held by US officials quickly spread to elite investors via a hedge fund consultant, the Times reported. That intel gave these traders a crucial leg up on common investors, allowing them to make timely bets that stocks would drop.
“Short everything” was the reaction of one major investor briefed on the memo from the hedge fund consultant, the Times said.
By March 11, the S&P 500
