Vote Now | A second Trump presidency would be the 'Holy Trinity' for a bruised stock market?
Former President Donald Trump announced Tuesday night he will once again seek the Republican nomination as presidential candidate in 2024.
"I am running because I believe the world has not yet seen the true glory of what this nation can be," Trump said. "America's comeback starts right now."
Speaking to reporters at a conference in Singapore on Wednesday, Anthony Scaramucci—the founder of Skybridge Capital who served as Trump's communications chief before he was sacked after just 10 days—predicted the former president's fast-and-loose tendencies could help boost financial markets.
"He's the Holy Trinity of market lubrication," he said. "Stimulus, through deficit spending, low interest rates—easy money—and a lack of regulation."
However, Scaramucci also warned about his former boss's tendency to rock political stability.
"The flip side is [investors] also know that he creates what markets absolutely hate: political instability," he said. "If any one of those other candidates can present themselves with some of the Trump messaging without the Trump drama, there might be opportunities."
The U.S. stock market rose more than 50% between Trump's surprise victory in the 2016 election and his November 2020 defeat.
The stock market has been one of Trump's favorite metrics for how the nation is doing. He often proclaimed market records on $Twitter (Delisted)(TWTR.US$, seeing them as the achievement of his administration. According to CNBC, Trump had tweeted at least 60 times about the stock market within the first two years of being in office.
The stock market has been one of Trump's favorite metrics for how the nation is doing. He often proclaimed market records on $Twitter (Delisted)(TWTR.US$, seeing them as the achievement of his administration. According to CNBC, Trump had tweeted at least 60 times about the stock market within the first two years of being in office.
Markets have so far had a muted response to Trump's widely anticipated announcement. Unlike during Trump's previous bid, the discord within the Republican party also worried some investors.
Mooers, any thoughts about Trump's third presidential bid? If Donald Trump were to regain the presidency in 2024, would it be a "Holy Trinity" for stocks?
Mooers, any thoughts about Trump's third presidential bid? If Donald Trump were to regain the presidency in 2024, would it be a "Holy Trinity" for stocks?
Source: Yahoo Finance, Business Insider
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Jamesim : Rich man is back
102175775 : i disagree with the comment that Trump's policy is on easy money. He was very careful with how the money was spent especially when it came to money spent outside US. Being a businessman, his policy on expenses were based on returns n national interest. the problem in US is that the government is too political. A nation that has great difficulties in making gd long term plans. the great days are definitely over.
bullrider_21 : If he wins the presidency again in 2024, he will cut rates, inject fiscal stimulus and quantitative easing. Initially, the markets will pop. But these will fuel high inflation, then the markets will crash.
He was fortunate that during his first term, inflation was low. Even when the economy was doing well, he was cutting taxes. And he pressured the Fed to cut rates. There were some unnecessary cuts. When Covid-19 hit, the Fed cut rates to 0.25% and held it low for too long even when the economy was recovering. All these resulted in the markets having bull runs and high inflation.
BagHolder23 : Got to consider inertia of systems and the J-curve
UNCLE ELON bullrider_21: in the first place there shouldn't be any inflation at all dude. Think bout what causes the inflation to be happened. Then think who is the one that bring us war, high inflation, market crashes, bad terms with other nation etc.
lol.
UNCLE ELON bullrider_21: also, meta, Amazon and apple stop hiring people and sacked so many of their employees, do you think this is healthy ?
bullrider_21 UNCLE ELON: Trump also brought bad terms with other nations.
bullrider_21 UNCLE ELON: It's something that Biden inherited. The Fed also kept rates too low for too long.
MonkeyGee : I can tell you that Biden will kill the stock market
MonkeyGee bullrider_21: sure, if that's what help you sleep at night.
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