US president Trump continues to gas up the stock market, posts Dow snapshot
If there’s one thing that we know about Trump from his first term as president, it is that he really does weigh his achievements based on how the stock market performs. And this time around is no different. The US-Iran war put him in a tough spot in March but since April, it has been a remarkable recovery in market sentiment despite all the trials and tribulations.
His latest tweet doesn’t even need any other subtext. It just comes with an image snapshot of the Dow closing level from yesterday.
That being said, perhaps the subtext was already given yesterday when he said that:
“Stock Market hit an ALL-TIME HIGH TODAY. Jobs & 401-K’s are BOOMING!!!"
It certainly feels like a leak to the US jobs report coming up tomorrow. So, one can reasonably expect a stronger non-farm payrolls figure if anything else.
This article was written by Justin Low at investinglive.com.