On June 15th this year, as the presidential campaign for next year’s election was about to begin, President Donald Trump tweeted to his 61 million followers, “If anyone but me takes over, there will be a Market Crash the likes of which has not been seen before! MAKE AMERICA GREAT AGAIN.” More threats from the man who has turned that sacred ground in DC into a Black House.
Back on January 27, 2017, only one week after Trump was inaugurated as president, MarketWatch published a piece entitled, “Trading on Trump’s tweets would have left you sad and poorer.” This article documents Trump’s many tweets predicting what would happen to the stock market or a particular company. MarketWatch concluded from their research, “Investors don’t care what Trump tweets, and the record shows they’re right.”
Today, MarketWatch published an article entitled “Now we know the stock market won’t care if Trump falls.” They attach that photo of Melania wearing that coat on her trip to see Texas immigrants that strangely said on the back, “Really don’t care, do U?”
Recent days have proved MarketWatch right. Speaker of the House Nancy Pelosi had announced officially last Tuesday, in a formal television address to the nation, that the majority Democrats were opening impeachment proceedings against President Donald Trump. That has only happened three times in the 232-year history of our nation. So, this is a very serious thing. Plus, information damaging to the president came out day-by-day last week like a dripping faucet that just won’t stop. Yet the U.S. markets didn’t tank at all. For the entire week, the Dow only went down .4%. And today, markets did well. The Dow was up .36%; NASDAQ was up .75%; and the S&P 500 was up .50%.
Donald Trump is so full of hubris and bluster. He doesn’t know much about a lot of things that he squawks about, such as Climate Change or all his constant criticism of Jerome Powell, the president of the Federal Reserve whom Trump appointed. It looks like MarketWatch is right in alleging that Donald Trump isn’t that smart about the markets and that investors apparently are learning this too.
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