Donald Trump Feels Markets Will Surge If He Wins Elections Again
Skerdian Meta•Tuesday, February 25, 2020•1 min read
US President Donald Trump is visiting India and among other comments, such as, both our nations’ Constitutions begin with “We the people” , he is speaking about stock markets as well. Yesterday stock markets had a terrible day and the decline is continuing today too. Although, Trump feels more optimistic. Below are some of his main comments:
- The market had ‘one bad day’ yesterday
- The market will go up if he wins the election this year
- The market will crash “like you have never seen before” if he loses the election
- Says the US is spending a tremendous amount on coronavirus efforts
Given the twist in the market mood over the past two hours or so, it may be too early to say that the market won’t have another ‘bad day’ in trading today. If he wins the elections, stock markets will surely run higher, since he likes a more accomodative monetary and fiscal policy, which is great for stocks.
But, we have the coronavirus to focus right now and stock markets are still declining today, albeit slower than yesterday. If new cases increase further in Europe and elsewhere, then the decline will pick up pace further.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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