Trump's Social Media Posts Shift Focus Away from Stock Market
President Donald Trump has previously expressed his fondness for the stock market as an indicator of economic prosperity. However, during his second term in the White House, he has significantly reduced his mentions of the market on social media.
According to a study by JPMorgan strategist Antonin Delair, Trump's social media posts since Election Day have largely omitted references to the stock market. In his first term, Delair noted that Trump consistently posted about positive economic developments, including lower unemployment and a rising stock market.
However, in his second term, Trump has prioritized discussions on the debt ceiling, government spending, and tariff benefits. Only one out of his 126 social media posts after his reelection has mentioned the stock market.
Delair's research suggests that while the stock market is approaching record highs, other pressing issues are consuming more of Trump's social media attention. The US budget deficit has surged to $1.83 trillion, and interest on federal debt has exceeded $1 trillion for the first time.
Additionally, Trump has been shaping a tariff policy that could define the next four years of his presidency. The administration has imposed tariffs on steel and Chinese imports, prompting retaliation from China. Trump has also threatened automotive tariffs on Canada and Mexico.
Ford CEO Jim Farley has expressed concerns about the potential impact of these tariffs on the US auto industry, highlighting potential job losses and higher prices for consumers.