Former President Donald Trump has been a vocal commentator on the stock market since leaving office in 2021, with his rhetoric shifting dramatically depending on Wall Street’s performance. A recent analysis by Yahoo Finance reveals at least five distinct phases of how Trump has discussed the market in the 37 months since President Joe Biden took office.
In the first stage, Trump took credit for the market’s rise in 2021, even after leaving office. Despite his prediction of a crash not coming true, he continued to boast about the stock market’s success, claiming credit for record highs and rebounding prices.
However, as the market turned south in 2022 and 2023, Trump shifted gears, blaming Biden for the downturn and downplaying the subsequent recovery. He even compared the market’s performance to the Great Depression, despite the rebound that followed.
In stages 4 and 5, Trump once again took credit for market highs earlier this year, attributing them to his primary victories. He predicted a crash if Biden were to win re-election, emphasizing the importance of a “MAGA” victory for the stock market’s success.
As Trump gears up for a potential campaign season, his focus on the stock market is expected to continue, especially as Biden recently boasted about market highs after years of avoiding the topic. The fluctuating nature of Trump’s commentary underscores the potential impact of market fluctuations on the upcoming election cycle.
