The stock market will show Trump in a favorable light.
With what happened in the US stock market on Tuesday, one of the worst days with widespread price declines, concerns about the vulnerability of stock values increased. Following a good Wednesday and a bad Thursday with fluctuating prices, instability was evident.
Concerns about the possibility of the US entering an economic recession before the end of the current year had increased. A well-known bank executive’s narrative, who estimated a 35% chance of a recession in the coming months, added to the intensity of concerns. However, the first period of price decline in the stock market triggered a strong reaction from Donald Trump, who considered it a sign of the US economy and finance’s robustness. Nevertheless, various stock indices on Wall Street remain significantly higher than during his era. On Friday, when Trump held a press conference and commented on the stock market’s weakness, he said that the stock markets in the US closed on good prices. For Trump, a significant drop in the stock market might be effective to use as a platform to campaign against Harris and Biden.
Fear of a recession and price decline is not a good ground for advertising, but a real crash is. The market needs to show its resilience to Trump and restore confidence among investors.
Interestingly, Trump’s own media company is also in the stock market, and a drop in its price would be unpleasant for him.
Persian
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