Analysis: Trump's "Housing Authority" Director's Post Touches the Market

Golden Finance reported that as Bill Pulte, the director of the Federal Housing Finance Agency (FHFA), expressed his views on various topics ranging from credit score pricing, cryptocurrency as collateral assets, and even whether Federal Reserve Chairman Powell's job can be saved, the stock market has experienced significant fluctuations. His online comments sometimes start with obscure quotes, and even pulled down the S&P 500 index last Friday. His market influence "made a previously unknown government official suddenly the protagonist of business news," said Steve Sosnick, Chief Strategist at Interactive Brokers.