In mid -February, President Trump spoke at an investment conference and proposed forecast.
“We are on the verge of rising markets,” he told the crowd in Miami that evening. “I think the stock exchange will be great.”
Unfortunately for him and investors, it turned out to be a difficult time. This speech on February 19 appeared during the peak of a recent market, with the S&P 500 (^GSPC) then a decline began for weeks.
And the sale has not decreased. Markets are now firm in correction territory, with prices decreasing over 10% this week from the levels that February night.
This twist on the Fortunes market has forced Trump to be a rapid reorientation of how he talked about stocks, even when he has also repeatedly said that the long -term profits he sees that he comes from his tariff program, will exceed the current “turbulence”.
But even against the backdrop of the sale, Trump could not resist random raid in his long role as a kind of main shares.
Last Tuesday, Trump appeared with Elon Musk to buy Tesla and may support this dressed stock (Tsla). And he couldn’t resist a message to the whole investors to buy DIP.
“Some people will make great deals by buying shares and bonds and all the things they buy,” he said, adding that “smart” businessmen who know “now invest because of what I do because the long -term what I do makes our country strong again.”
During Joe Biden’s presidency, Trump’s rhetoric on the market is often drastically distributed as he tried to explain the price increase in a democratic administration, which he promised would be bad for investors.
“If elected,” Trump said in 2020, as he pointed to the debate stage in Biden, “The stock exchange will collapse.”
President Trump offered thumbs up before walking on stage to talk at the FII Priority Miami 2025 Summit (Future Investment Initiative) in Miami Beach on February 19 (Roberto Schmidt/AFP via Getty Images) ·Roberto Schmidt via Getty Images
After winning the election last November, Trump quickly settled in a familiar routine of raising the market, and those he was responsible for.
On December 22, the then elected president traveled to Phoenix to note, “”[S]In the election, the stock exchange has broken one record after another … They call it Trump’s effect, because even before we take office, we already introduce jobs and opportunities and safety and common sense back to the United States. “
It was a refrain that Trump lasted for weeks.
“I don’t want to say this, it’s too much bragadny, but we’ll put it anyway: Trump’s effect,” he suggested on the eve of his taking office.
And once in service, Trump has diminished the initial market concerns about the tariffs, even at one point to introduce himself to the ignorance of market moves.
“How is the market doing?” He asked reporters in early February after signing a batch of executive orders, saying about the latest actions on the market: “I don’t think about it.”
President Trump and Tesla Elon Musk CEO are next to the Tesla vehicle of the White House South Portic ·Manaadel and through images
But then came the sale, which began on February 19, with Trump re -reigned a set of tactics to deflect the questions that came with an increase in speed from reporters.
“Look, what I have to do is build a strong country,” he suggested in an interview with a FOX business glued on March 7th. “You really can’t watch the stock exchange.”
Then, on March 12, the day after his appearance with Musk, who pressed people to buy shares, Trump returned to an old favorite and accused the decline of his predecessor.
“I think a lot of the stock exchange has dropped because of the really bad four years we had [under Joe Biden]he said.
Read more: Recent news and updates on Trump’s tariffs
In fact, Trump and his assistants have now set out to offer a series of euphemisms to wave market problems – from Detox to “a little turbulence” to “increasing pain” – but with the main message that Trump is clearly thinking that the current decline is an acceptable medicine.
Perhaps Trump’s latest signal came on Thursday, as he again indicated that he soon did not want to turn away from his rates for impetus to the market.
“We will not bend down,” he promised after another round of questions about his tariff plans and the market decline.
Ben Verkul is a Washington correspondent for Yahoo Finance.
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