WASHINGTON (AP) — President Donald Trump in latest days has dismissed fears of a recession and brushed apart the inventory market sell-off, going as far as to say, “You possibly can’t actually watch the inventory market.” That is a brand new message from a frontrunner who has steadily pointed to the market’s ups and downs as a mirrored image of himself and his actions, even when he was not in energy.
Over the past yr, whereas President Joe Biden was in workplace, Trump took credit score for inventory market rallies as a vote of confidence in his electoral prospects. When the market dipped, he blamed Biden and Vice President Kamala Harris. And he predicted that if Democrats gained the 2024 presidential election, the inventory market would have crashed.
A have a look at a few of Trump’s observations on the inventory market over the past yr:
Jan. 29, 2024, on Truth Social
“THIS IS THE TRUMP STOCK MARKET BECAUSE MY POLLS AGAINST BIDEN ARE SO GOOD THAT INVESTORS ARE PROJECTING THAT I WILL WIN, AND THAT WILL DRIVE THE MARKET UP — EVERYTHING ELSE IS TERRIBLE (WATCH THE MIDDLE EAST!), AND RECORD SETTING INFLATION HAS ALREADY TAKEN ITS TOLL. MAKE AMERICA GREAT AGAIN”
March 12, 2024, on Truth Social
“Excessive Curiosity Charges and Inflation are choking our nice center class, and ALL, our Financial system is dangerous, and our Inventory Market is rising solely as a result of Polls are strongly indicating that we’ll WIN the Presidential Election of 2024.”
April 25, 2024, on his way into court for his criminal trial in New York
“The inventory market is, in a way, crashing. The numbers are very dangerous. That is Bidenomics. It’s catching up with him. It’s fortunate that it’s catching up earlier than he leaves workplace versus after he leaves workplace.”
“Thanks to Scott Bessent, one of many Nice Prognosticators on Wall Road! There are a lot of folks which might be saying that the one motive the Inventory Market is excessive is as a result of I’m main in the entire Polls, and if I don’t win, we may have a CRASH of comparable proportions to 1929. I agree, however let’s hope we don’t have to fret about that!”
May 18, 2024, at an NRA event in Dallas, Texas:
“Dow Jones UP 742 based mostly on the truth that the Market expects a TRUMP WIN in November! Good praise — Thanks!”
“STOCK MARKETS CRASHING. I TOLD YOU SO!!! KAMALA DOESN’T HAVE A CLUE. BIDEN IS SOUND ASLEEP. ALL CAUSED BY INEPT U.S. LEADERSHIP!”
Oct. 29, 2024, during a rally in Allentown, Pennsylvania
“You wish to see a market crash? If we misplaced this election, I believe the market would go down the tubes.”
Nov. 4, 2024, at a rally in Grand Rapids, Michigan
Trump began praising Bessent and stated: “You understand what his idea is? The inventory market is the one signal of life, and it’s solely going up as a result of everybody thinks Trump goes to win the election. And others, too. Others, too. I’m seeing it lots. I believe they’re following your lead. However I recognize that confidence.”
Nov. 14, 2024, at a Mar-a-Lago gala in Florida:
“We had three or 4 of the very best — I suppose, virtually each single day, we set new data within the inventory market. We set new data economically.”
Trump, in feedback directed at Home Speaker Mike Johnson, then stated: “Mr. Speaker, I believe it’s vital, possibly it is best to go a invoice, it’s important to begin my time period from Nov. 5, OK, or Nov. 6, if you would like. Nov. 5 as a result of the market has gone by means of the roof. Enthusiasm has doubled.”
Dec. 12, 2024, in an interview with CNBC at the New York Stock Exchange:
Trump was requested by host Jim Cramer whether or not it is nonetheless the case that inventory market indexes have been a superb barometer of his efficiency.
“Nicely, I believe I’ve at all times stated, you understand, to me, inventory market could be very — all of it, you understand, all of it collectively, it’s essential. It’s an honor to be right here in New York Inventory Trade. I type of joked that I really purchased the constructing throughout the road as a result of the inventory change was right here. It’s a giant deal.”
Dec. 16, 2024, during a news conference at Mar-a-Lago
Trump was requested whether or not he’s involved that his tariffs would possibly damage the inventory market.
“Make our nation wealthy. Tariffs will make our nation wealthy,” Trump responded.
Jan. 7, 2025, during a news conference at Mar-a-Lago
“Since my election, the inventory market has set data. The S&P 500 index has damaged above 6,000 factors for the primary time ever, by no means even shut.”
Jan. 19, 2025. at a rally in Washington, D.C.
“Everybody is asking it the — I don’t wish to say this. It’s too braggadocious, however we’ll say it anyway, the Trump impact. It’s you. You’re the impact. For the reason that election, the inventory market has surged, and small enterprise optimism has soared, a document 41 factors to a 39-year excessive.”
Feb. 19, 2025, at an investment conference in Miami Beach
“I believe the inventory market goes to be nice. In different phrases, we are going to quickly develop our economic system by dramatically shrinking the federal authorities.”
Feb. 21, 2025, speaking to the nation’s governors at the White House
“Once we turned over the reins, the inventory market was increased than simply earlier to COVID coming in, which was a tremendous achievement.”
March 4, 2025, in a joint address to Congress
Having sparked a North American commerce conflict and with the S&P 500 shedding all of its post-election positive factors, Trump stated in his speech to Congress: “Tariffs are about making America wealthy once more and making America nice once more, and it’s taking place and it’ll occur relatively rapidly. There’ll be a bit disturbance, however we’re OK with that. It will not be a lot.”
March 9, 2025, in a taped interview on Fox News Channel’s “Sunday Morning Futures”
After every week of untamed swings on Wall Road over uncertainty about his tariffs, Trump was requested whether or not he was anticipating a recession in 2025. He stated: “I hate to foretell issues like that. There’s a interval of transition as a result of what we’re doing could be very massive. We’re bringing wealth again to America. That’s a giant factor.” He added, “It takes a bit time. It takes a bit time. However I believe it must be nice for us.”
Elsewhere within the interview, when Trump was requested concerning the market happening: “You possibly can’t actually watch the inventory market. … You possibly can’t go by that. You need to do what’s proper.”
March 9, 2025, to reporters on Air Force One
When requested about his hesitation throughout the “Sunday Morning Futures” interview earlier than answering the recession query, Trump stated: “I inform you what, in fact you hesitate. Who is aware of? All I do know is that this: We’re going to absorb a whole lot of billions of {dollars} in tariffs, and we’re going to turn out to be so wealthy you’re not going to know the place to spend all that cash. I’m telling you, you simply watch.”
March 11, 2025, to reporters at the White House
Trump was requested concerning the market after a selloff Monday and extra trembling on the markets Tuesday. “Markets are going to go up and so they’re going to go down. We now have to rebuild our nation,” he stated.
In response to a query about whether or not his tariffs induced the turmoil within the markets, Trump stated: “Biden gave us a horrible economic system. He gave us horrible inflation. And I believe the market was going to go very, very dangerous. If something, I’ve a whole lot of very sensible folks, mates of mine, and nice businessmen. They don’t seem to be investing due to what I’ve performed.”
On whether or not he thinks there can be a recession: “I do not see it in any respect. I believe this nation’s going to growth. However as I stated, I can do it the straightforward manner or the exhausting manner. The exhausting solution to do it’s precisely what I am doing, however the outcomes are going to be 20 occasions higher. Keep in mind, Trump is at all times proper.”
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