"Another new member has been added to the must-read list of social media for US stock traders, as Trump's "Housing Authority" director's post stirs up the market"

With the opinions expressed by Bill Pulte, director of the Federal Housing Finance Agency, on topics such as pricing based on credit scores, using cryptocurrency as collateral, and even on whether Federal Reserve Chairman Powell can keep his job, the stock market has experienced drastic fluctuations as a result. His online comments are sometimes obscure and last Friday even caused a temporary decline in the S&P 500 index. According to Steve Sosnick, chief strategist at Interactive Brokers, his market influence has made a previously unknown government official suddenly become a key figure in business news.