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 has identified 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 he had left office. Despite his prediction of a crash not coming to fruition, he continued to boast about the record levels of the stock market and claimed credit for the rebound in late 2020.
However, as the market turned south in 2022 and 2023, Trump shifted to blaming Biden for the downturn and downplayed the subsequent rebound. He even went as far as comparing the market’s performance in 2022 to the Great Depression, despite the recovery that followed.
In the most recent stages, Trump has once again taken credit for market highs and predicted a crash if Biden is re-elected. His rhetoric has become increasingly dramatic as he positions himself as the likely GOP nominee for the upcoming election.
The analysis highlights the volatility of Trump’s commentary on the stock market and sets the stage for what may be a heavily debated topic in the upcoming campaign season. With Biden recently bragging about market highs after years of avoiding the topic, it seems that market fluctuations will continue to be a key focus in the political arena.
As Trump’s rallies end with dramatic speeches and soaring orchestral music, his continued focus on the stock market underscores the importance of this issue in the upcoming election. Whether his predictions of a crash will come to pass remains to be seen, but one thing is certain – the stock market will continue to be a hot topic in the political landscape.
