03-10-2025, 02:47 PM
Earlier this month, strategists at Bank of America flagged the risk of a post-election "bro bubble" popping and argued that should the S&P 500 erase its post-election gains, "investors currently long risk would very much expect and need some verbal support for markets from policymakers."
Clap louder, Trumpies:
On Sunday, Trump was asked by Fox News (FOXA) host Maria Bartiromo if he was expecting a recession this year.
“I hate to predict things like that,” Trump said. “There is a period of transition, because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing, and there are always periods of, it takes a little time. It takes a little time, but I think it should be great for us.”
…Cabinet officials have largely brushed off the market’s decline, even as they acknowledge some signs of weakness in the economy.
Treasury Secretary Scott Bessent told CNBC that the market has “just become hooked” on government spending and that “there’s going to be a detox period.” Commerce Secretary Howard Lutnick said the U.S. would stick to its future tariff plans, said he wouldn’t bet on a recession, and said the stock market doesn’t affect federal policy.
Trump personally says He doesn’t watch or care much about the stock market.
You know, if Harris or any Dem president had started off this way, there would be stories every day about a ‘failed presidency”.