U.S. President Donald Trump, who has repeatedly praised Wall Street gains during his first year in office, on Wednesday dismissed recent market gyrations, saying stocks should not be falling amid strong economic news. “In the ‘old days, when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!” Trump wrote on Twitter.
Presidents have typically tried to limit talk about stock market success because equities can just as easily slide. But Trump has embraced the stock market run since Election Day 2016, tweeting about stocks at least 60 times and highlighting markets during numerous public appearances.
In trading Friday and Monday, stocks hit their first major roadblock since Trump’s election on Nov. 8, 2016. On Monday, amid the worst percentage declines for the Dow Jones industrial average and S&P 500 since 2011, Trump notably omitted the stock market as he rattled off a list of what he called his economic achievements during a speech in Ohio
In the “old days,” when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!
— Donald J. Trump (@realDonaldTrump) February 7, 2018
Trump is mad at the stock market for kneeling during his presidency. pic.twitter.com/k1fhA3nhIR
— OhNoSheTwitnt (@OhNoSheTwitnt) February 7, 2018
“If this was fictional 1950’s America, the Stock Market would do just what I say it should.”
-trump, still in his bathrobe, freebasing Fox n’ Friends
— Ben Moser (@benjaminmoser) February 7, 2018
The stock market has made a big mistake crossing Trump! It will regret it! https://t.co/i6bhXfPMn2
— Paul Owen (@PaulTOwen) February 7, 2018
2016: You may not like Trump, but he’ll say the things no one else will.
2018: The president is tweeting at the stock market to tell it that it is making a mistake.
— Josh Billinson (@jbillinson) February 7, 2018
Trump scolding the stock market like pic.twitter.com/QLKG0IWjWU
— Rep. Don Beyer (@RepDonBeyer) February 7, 2018
The stock market, like everything else, is so unfair to “Trump.” https://t.co/sgUKSKP37F
— Bob Cesca (@bobcesca_go) February 7, 2018