Donald Trump is gearing up for his 2020 campaign and he is leaving no stone unturned. Recently he made a statement regarding the stock market which is directly linked to his being re-elected. He said – “If anyone but me takes over, there will be a Market Crash, the likes of which has not been seen before.”
Where his statement is bold and ballsy, we doubt whether he is speaking the truth. He warned the U.S that if he faces defeat in the next election then the country would witness an epic stock market crash.
He is going to launch his campaign on Tuesday, with a rally which takes place in Orlando, Florida. The President is excited to start off his campaign for the next 18 months, and he tweeted recently- “Tuesday will be a big crowd and a Big Day.”
The President is too confident in himself and has claimed several times, even in public interviews that the stock market would be 5000 and 10000 points higher if the Federal Reserve hadn’t raised interest rates four times in 2018. He said so, in his recent interview in “Fox and Friends”.
Trump is popular for his impulsive and pompous remarks, and he tweeted in February way before his campaign about how the opposition’s win would have negatively affected the stock market. And way ahead of it, he had tweeted about himself and the stock market in January saying – “You want to see a Stock Market Crash, Impeach Trump.” And in February, He tweeted – “Had the position part won in 2016, the stock market would be down at least 10,000 points by now.”
But after all his claims, the truth is after his trade war with China, the points are slipping. The research done by Macrotrends shows how Trump’s term has been average compared to his predecessors, Barack Obama and Bill Clinton. But his reign has done well for the stock market than that of George H.W Bush.
