Analyst: Trump may not sit idly by as the US stock market crashes
ChainCatcher message, AJBell investment analyst Dan Coatsworth stated: "The sell-off in the U.S. market is starting to look bad. For some time now, many have been concerned about the overvaluation of the U.S. stock market and are looking for a catalyst for a market correction. Concerns over the trade war, geopolitical tensions, and uncertainty about the economic outlook may be that catalyst.
Trump was once seen as the savior of the market, promising tax cuts and deregulation. Now his actions have turned into a harbinger of doom. As people ponder whether trade tariffs might backfire, leading to a recession rather than a flourishing U.S. economy, the word starting with R (Recession) is back on everyone's lips.
During Trump's first term, he often pointed to the stock market's rise as a representation of his success. Therefore, he may not want to see a complete market collapse just a few months into his second term."