Conservative Commentator Brutally Fact Checks Trump's Tweet Citing CNBC Headline About the Stock Market Under Trump
The performance of the stock market has been a bragging point for President Donald Trump from the moment he took office in January 2017.
And in a presidency plagued by problems, it remained a bright spot.
Trump Is Getting Mocked for Tweeting Two Opposite Messages About the Stock Market Within a Day of Each Other
There's always a tweet has become a recurrent theme of the presidency of Donald Trump. As summarized by the subReddit that tracks the phenomenon:
"35,000+ Tweets—No Self Awareness."
It usually takes months or even years for Trump's Twitter feed to contradict or call the President out for his own words or deeds. But Friday, President Trump completely reversed a dubious claim he made less than 24 hours earlier.
During the recent stock market dive, the Dow Jones Industrial Average bounced back slightly. Banks, investment firms and market analysts track fluctuations in financial markets to capture trends like weather, mergers and international relations.
In light of recent events, JP Morgan added a new market indicator: the Volfefe Index. It tracks how Twitter posts including false claims by President Donald Trump manipulate markets.
As the Dow Jones Industrial Average continued to plummet—down another 623 points as of 5:10pm Friday—President Donald Trump looked to make light of the situation while taking a jab at a former Democratic presidential candidate.
Trump—who spent most of his presidency to date trading on the economic upturn created by President Barack Obama to indicate his own success—took to Twitter Friday afternoon and posted:
Global trading markets were thrown into a tizzy on Monday after President Donald Trump threatened to levy additional tariffs on Chinese imports amid rising tensions in trade talks between China and the United States.
Investors around the world had been, for weeks, optimistic about the global economic outlook.
The Stock Market Just Had Its Fourth Worst Single Day of Losses Ever, Give You One Guess Who Was President For the Top Three Worst
The Dow Jones Industrial Average plunged nearly 800 points on Tuesday amid uncertainty over the future of trade relations between the United States and China.
The markets bottomed out at -818 points before nudging slightly upward to close down 799 points.
Global Investment Bank Just Schooled Donald Trump Over His Claim That the Stock Market Would Crash If He Were Impeached
In efforts to bolster support and fend off impeachment talk, President Donald Trump recently made some outrageous claims. From threats of violent Democrats to economic collapse if he were to be impeached, the assertions failed to gain much traction.
The President continuously chases but cannot seem to crack a 50 percent approval rating in all but one conservative poll—and then only once in even that poll after his first 60 days in office. So his fear tactics to sway voters going into the 2018 midterm elections in November make a certain degree of sense.