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President Trump didn't just take credit for the booming stock market. He outright cheered it to go "up, up, and up."
But all of a sudden, the stock market that Trump attached himself to is in turmoil, putting the White House in a difficult spot. The Dow has plunged more than 2,100 points, or 8%, in just six trading days as investors fret over cracks emerging in the bond market.

But now trouble in the bond market is unnerving stock investors. Heavy selling has lifted the 10-year Treasury yield from about 2.4% at the beginning of 2018 to 2.85% today. Higher bond yields make stocks look less attractive and raise borrowing costs for businesses, consumers and of course the federal government.

The bond market stress reflects the reality that the U.S. Treasury needs to take on more debt to pay for Trump's tax cuts.

"The new tax bill and administration deficit policy mean accelerating federal borrowing," David Kotok, co-founder of Cumberland Advisors, wrote in a report on Monday.

Read the full article at CNN Money