Former President Donald Trump has claimed that the recent surge in the stock market, which he dubs 'THIS IS THE TRUMP STOCK MARKET', is due to investors' anticipation of his victory in the next presidential election, despite record setting inflation and a turbulent Middle East. Trump's assertion comes as the Dow Jones Industrial Average reached a milestone of 38,000 points for the first time on January 22, with a 1,000-point increase in just 40 days, and the S&P 500 setting a record high on January 19. Tech giants Microsoft and Meta, along with companies like VISA, Amgen, and Merck, have also hit new highs. However, Trump's comments have been met with skepticism and criticism, with some pointing out that he had previously predicted a market crash if he lost the 2020 election. Now, as the economy shows signs of strength, Trump's attempt to take credit for the market's performance under President Biden's administration, which is performing above expectations and lifting overall vibes, has been ridiculed by figures such as Senate Majority Leader Chuck Schumer. Schumer described Trump's claims as a 'spin job for the ages' and highlighted the contradiction in Trump's statements, crediting the economic upswing to Biden and congressional Democrats, while accusing Republicans of creating chaos and then taking credit for Democrats' work.
After the Dow Jones and S&P 500 hit record highs last week, Trump deployed a spin job for the ages calling it the “Trump Stock Market.” You can’t make it up. Trump predicted a crash if he lost the 2020 election. Now with @POTUS Biden and Democrats, the economy's in an upswing!
Chuck Schumer: “After the Dow Jones and S&P hit record-highs ... Donald Trump deployed a spin job for the ages, calling it the ‘Trump Stock Market’ … It’s both laughable and very telling that Trump is trying to take credit for the successes of Biden and congressional Democrats.” https://t.co/9ggZBqRlml
Leader Schumer: Trump said the stock market would crash if he lost the election, but today it's setting record highs. It's laughable that Trump is trying to take credit for the successes of President Biden. Republicans are creating chaos, then taking credit for Democrats' work https://t.co/cP2RX913Di
Key Words: Trump is now seeking credit for stock-market gains under Biden https://t.co/4C49BsYoV5
Trump takes credit for stocks’ rally, yet there are expectations his Fed may be ‘not just dovish, but weird’ https://t.co/YakhaSfEPi
Donald Trump claims he's responsible for stocks hitting record highs https://t.co/qsfiaFZE1Q
"The stock market hitting new highs today. Both the DOW and the S&P in record territory. Tech companies Microsoft and Meta also hitting new highs. VISA, Amgen, and MERCK all in record territory." Trump said today it's because he's running for president. https://t.co/IyJPgCsu7R
"The Dow Jones Industrial Average swelled to 38,000 for the first time Jan. 22, marking a 1,000-point jump in just 40 days. The S&P 500 hit a record high Jan. 19." Trump says the market is up because he's running for president in Truth post. https://t.co/tNAbT1REez
Donald Trump now trying to take credit for the economy and stock market after years of saying it would crash... you can't make this up. https://t.co/VPTSp6K39R
🚨This is INSANE: Donald Trump's delusion, as off the charts as it is, now takes a back seat to his own raving jealousy as he attempts to take credit for President Biden's economy, which is performing above expectations. In yet another hate-filled, all caps rant on Truth… https://t.co/Jty1Zd7CW2
“Consumer confidence and the stock market are surging in anticipation of a Trump win, lifting overall vibes enough that swing voters stick with the incumbent.” https://t.co/Cft2iEWmdv
Trump is unreal… 😂 “The stock market is doing so well because the market already priced me back in.” https://t.co/pWMX0fIqe5
THIS IS THE TRUMP STOCK MARKET BECAUSE MY POLLS AGAINST BIDEN ARE SO GOOD THAT INVESTORS ARE PROJECTING THAT I WILL WIN, AND THAT WILL DRIVE THE MARKET UP — EVERYTHING ELSE IS TERRIBLE (WATCH THE MIDDLE EAST!), AND RECORD SETTING INFLATION HAS ALREADY TAKEN ITS TOLL. MAKE AMERICA…