No. Gary Cohn’s Exit Would Not Crash the Stock Market


The stock market is not going to crash if Gary Cohn abandons his White House post.

The stock market fell on Thursday after the mass rebellion of Corporate America’s CEOs. It was the biggest stock market decline in three months. It broke a four day streak of markets going up, even while the media gnashed its teeth over Trump’s response to Charlottesville. But it was, in the big picture of things, a pretty small decline. The Dow Jones Industrial Average fell by 1.24 percent.

Yet on Thursday Yale School of Management professor Jeffrey Sonnenfeld told CNBC that the market would crash if Cohn resigned his position as the director of President Donald Trump’s National Economic Council.


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