The stock market will show favor to Trump
With what happened on Monday in the U.S. stock market, which was one of the worst days with widespread price declines, concerns about the vulnerability of stock values increased, and after that, with a good Tuesday and a bad Wednesday, the ups and downs of prices indicated instability.
Concerns about the possibility of the U.S. entering a recession before the end of the year had increased, and the statement from the well-known manager of America’s most important banking institution, who estimated a 35% chance of a recession in the coming months, added to the worries. However, it was with the first rounds of price declines in the stock market that Donald Trump reacted strongly and considered the situation a sign of the deteriorating state of the U.S. economy and finance. Nonetheless, various stock indices on Wall Street are still much higher than during his era, and on Thursday, when Trump held a press conference and talked to reporters about the stock market’s weakness, the U.S. stock markets closed at good prices. For Trump, perhaps a massive stock market crash would be useful so he could use it as a basis for campaigning against Harris and Biden.
The fear of a recession and declining prices is not a good basis for campaigning, but a real crash is. The market should show favor to Trump and turn away from the traders.
Interestingly, Trump’s own media company is also in the stock market, and a price drop would be unpleasant for him.