Those wondering how the preponderance of Wall Street's buyside community feels about the President, will have their questions answered after reading this blurb from Dan Loab's Q2 letter.
The second quarter was marked by choppy markets caused by fears about Europe, a soft patch in the U.S., more signs of a Chinese slowdown, and U.S. consumers and business owners alike frustrated by the Obama Administration, which is openly hostile to most businesses and unable to articulate or implement policies to spark growth and reduce unemployment. Since ”Euro?phobia” has roiled the markets for over twelve months, we attributed the second quarter’s sell?off mostly to the renewed worries over US weakness and pervasive concerns about a Chinese hard landing, which punished any assets linked to global growth.
Full letter, which includes the latest defense of Yahoo.