Trump Demands Loyalty From Stock Market

Reuters reports:

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.

CNBC reports:

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