When you can’t trust the numbers you can’t make educated guesses about where the market is headed. When the economy and market has to run on vibes instead of data it can only end badly. The stock market was already pretty much gambling but now it’s a casino where the house always wins and they refuse to tell you the odds. I’d trust my money on a roulette table over the stock market in a heartbeat these days. At least I wouldn’t have to worry about unexpected tariffs every time the wheel spins.

As well they should be.

Trump has already made it clear that his opinion of the accuracy of economic statistics depends solely on whether they reflect well or poorly on him.

So it’s pretty well guaranteed that the primary requirement of any future statistics will be that they reflect well on him, and accuracy and veracity will be somewhere further down the list.