The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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I think Trump sees the stock market as one of the measures of his success.
He does apparently have investments though according to a forbes article dated 2018
Like him or loathe him I think he's a force of good as far as the stock market goes. He's a natural businessman, very bullish, very positive and confident, charismatic and he certainly knows how to make money. And I think It all rubs off on the markets - he's great for investors imo so much better than "sleepy Joe" would be anyway lol
Hopefully he'll win a second term that's my view anyway.
https://www.forbes.com/sites/simonmoore/2018/05/17/president-trump-reveals-his-stock-market-investments-heres-what-we-learned/amp/
This article is dated March when stocks first fell following the pandemic :
https://www.reuters.com/article/us-usa-stocks-trump-idUSKBN20Z3BC
I do hope you are right GS. I’m guessing he has plenty of investments he’d like to rise rise too?
Agreed
Thankfully, Trump is very much aware of what the markets are doing and wants to see a sharp recovery - he's tweeted numerous times over the last few months that he expects a V shaped recovery and for the economy to bounce back stronger than ever before etc. This is a good thing because he's probably less likely to do anything he knows could negatively affect that - yesterday for example global markets were all down because investors were fearing he'd impose sanctions on China over Hong Kong. It didn't happen, he stopped short of it and consequently the markets rallied just before close, undoing many of the losses they'd seen during the day (of course it was too late for the FTSE but hopefully we'll see that bounce on monday). Some might say he's unpredictable but he does at least care about the markets and will do anything to protect the American economy, which in turn gives confidence to investors and probably at least partly explains why the markets have bounced back so strongly already in complete defiance of the bears and the doom and gloom merchants.
https://www.marketwatch.com/story/dow-sp-500-turn-positive-friday-afternoon-as-trumps-measures-against-china-seen-not-as-stringent-as-feared-2020-05-29
Not too much to worry about from the old dog there. Should see this continue its journey north on Monday, barring any bad news from Boris. Great opportunity to buy in today if not in already.