Since Trump called for a "buy," the S&P 500 Index has risen by 14%.
After Trump announced the "Liberation Day" tariffs, the benchmark index plummeted, but it rose by 14% in the month following his statement on April 9 that it was a "good time to buy." Hours later, Trump suspended the harshest tariff measures in a century. On May 8, Trump reiterated this point during an interview with reporters and stated that the economic outlook was worth a major stock purchase.
A few days after Trump's second suggestion to buy stocks, China and the U.S. announced on Monday that they would temporarily reduce tariffs on each other's products. The Nasdaq 100 futures surged by 4.2%. The S&P 500 futures contracts once increased by 3.3%.
Although it is uncommon for world leaders to offer financial advice on social media platforms, Trump's first term has also been characterized by constant tweets and threats of tariffs and sanctions against major trading partners. His posts have become essential reading for global investors.
Source: https://www.toutiao.com/article/1831954283726219/
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