AUTHOR: CONOR O’KANE
Trump shrugs off stock market slump, but economic warnings loom
DURING DONALD Trump’s first term as US president, he regularly referred to rising stock markets as evidence of the success of his economic policies. “Highest Stock Market EVER”, Trump wrote on social media in 2017 after record gains. “That doesn’t just happen!”
And after securing a second term in November 2024, some of Trump’s close advisers told the New York Times that the president “sees the market as a barometer of his success and abhors the idea that his actions might drive down stock prices”.
This, in addition to a broader economic policy agenda committed to lower regulation and significant tax cuts, had Wall Street investors bullish about their prospects under the new Trump administration.
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