We cited a Washington Post piece in our post yesterday morning citing the growing friction between the President and his Chief of Staff, General John Kelly, now dubbed the Church Lady by the White House staff. The President was quick to tweet his support for General Kelly early Friday morning.
The NY Times is out with a piece today, Forceful Chief of Staff Grates on Trump, and the Feeling Is Mutual, with new information about the palace intrigue taking place at 1600 Pennsylvania Avenue.
President Trump was in an especially ornery mood after staff members gently suggested he refrain from injecting politics into day-to-day issues of governing after last month’s raucous rally in Arizona, and he responded by lashing out at the most senior aide in his presence.
It happened to be his new chief of staff, John F. Kelly.
Mr. Kelly, the former Marine general brought in five weeks ago as the successor to Reince Priebus, reacted calmly, but he later told other White House staff members that he had never been spoken to like that during 35 years of serving his country. In the future, he said, he would not abide such treatment, according to three people familiar with the exchange.
…The question now is how long Mr. Kelly will stay, with estimates ranging from a month to a year at the most. White House officials say that Mr. Kelly has given no indication he intends to leave anytime soon. – NY TImes, September 1
The president performed very well today and looked good in Houston, hugging and mixing it up with the victims of Hurrican Harvey, and should see a nice bump in his poll numbers.
But this new revelation by the NY Times, if true, scares the bejesus out of us. It should do the same to you.
The country, or, at the very least, the White House, is one presidential temper tantrum away from complete political chaos. What odds are you making there will be one in the next month or two?
Add it to our event risk checklist, which we expect to trigger a decent October correction. But, first, maybe a blow-off buying panic in risk assets as the Goldilocks crowd gets more lathered up and shorts panic in the first-half of September.