President Donald Trump: ‘This is a great time to buy’
“Sometimes increasing, pushing, sometimes threatening”
A post appearing at 9:37 am New York on social networks quickly wobbled Wall Street. “This is a great time to buy” – US President Donald Trump wrote.
The stock market was at that time in a state of plummeting after 4 consecutive selling sessions, flying over US $ 6,000 billion in market capitalization. The tariff level is considered the most strict in more than a century officially taken effect, targeting major US trading partners.
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| Rumors were realized, President Donald Trump wrote “This is a great time to buy in” and issued a report on tax postponement |
The main reason for this sell -off is the escalating global trade tensions, a war launched by Mr. Trump himself. That also put him in the only position that could change the situation with a political decision.
Even so, during the past 7 days, President Donald Trump and his advisers have confirmed that there is no backwards from the tariff policy. “My policy will never change,” Mr. Trump said.
The market only really reversed when he took action. Earlier, in the second session (April 7), only a false rumor about the ability to suspend tax impulses also helped the market recover, creating an increase of 2,000 billion USD.
Only 3.5 hours after the post on social networks, the Trump administration officially announced the suspension of the 90 -day tax on the majority of countries – except China.
The market immediately reacted violently, the S&P 500 index skyrocketed 9.51%, equivalent to about 4,300 billion USD of the recovery capitalization value, two guest indicators Dow Jones and Nasdaq Composite also increased by 7.87%and 12.16%respectively.
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| 3 US main indicators soared |
The variable from the president now needs to be taken into account
David Wagner – Director of APTUS CAPITAL ADVISORS LLC said he did not believe his eyes when he saw Trump’s post: “Does that violate the rules? I don’t know – Trump has never followed any rules.” Wagner added: “But it is clear that he has changed the way the interactive market is. Now the investor will wait for the signal from Trump.”
According to Wagner, this is not the first time Mr. Trump directly influenced the market with words or unexpected actions.
“We may not forget that he used to do such things in the first term. The rules of the market have changed. Now, the intervention from the president is a variable that must be considered,” said David Wagner.
