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Originally Posted by 68style
2 out of 3 of your articles state that who is president has very little to do with the stock markets performance. And that the difference between them was marginal at best, with Biden eating the post Covid worldwide downturn factored in. They also don’t get into unemployment etc, which has been far worse under Trump, which again isn’t necessarily his fault shit tonnes of people lost their jobs during the pandemic.
I would say that fact has changed immensely as we now have a president who is literally manipulating the stock market, so can’t say there’s as little effect anymore but these are indeed strange days getting even stranger.
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Looking outside the fact no one can ever even consider giving Trump credit for anything, the guy is singularly focused on his image and his perceived ability as president.
Having a bull market rally and having all these US heavy hitters hit all time highs will be a huge measure of his success both for his career and for the party as a whole. They are likely to sacrifice things like the environment, due process, etc. if they can get the market to rip for portions of the term.
From the most simplistic point of view, his deranged ability to control the market is likely a good thing for investors in the short term.