Over recent months, President Donald Trump has played down recession fears and sidestepped concerns about stock market volatility. In a twist from his usual stance of viewing market indices as personal barometers of success, Trump stated, “You can’t really watch the stock market.” Traditionally, Trump has highlighted the stock market during his tenure, borrowing from his past rhetoric even when he wasn’t in office.
A notable pattern emerged over the past year under President Joe Biden: Trump attributed market rallies to confidence in his political prospects. Conversely, he deemed market declines as consequences of Democratic leadership, namely that of Biden and Vice President Kamala Harris. Trump anticipated an economic catastrophe should Democrats claim victory in the upcoming 2024 elections.
### Trump’s Recent Remarks on the Stock Market:
**January 29, 2024, on Truth Social**
Trump declared the upswing in the stock market as a reflection of his favorable polls against Biden, proclaiming, “THIS IS THE TRUMP STOCK MARKET.” He linked the market movements to investor expectations of a Trump victory.
**March 12, 2024, on Truth Social**
Citing high interest rates and inflation as threats to the middle class, Trump claimed the only reason for stock market growth was the public’s confidence in his 2024 electoral win.
**April 25, 2024, in New York**
On the way to a courtroom, Trump criticized Biden’s economic policies, linking them to a perceived downturn in the stock market. He noted, “The stock market is, in a sense, crashing.”
**May 15, 2024, on Truth Social**
Trump lauded financial expert Scott Bessent, agreeing with the notion that market vitality hinged on his electoral prospects, cautioning of a looming crash akin to 1929 if he didn’t win.
**May 18, 2024, in Dallas**
At an NRA event, he opined that the stock market’s success was dependent on a MAGA triumph in the next election.
**July 16, 2024, on Truth Social**
Trump credited a sharp rise in the Dow Jones to market optimism at the possibility of his election victory, calling the market spike a “nice compliment.”
**August 4, 2024, on Truth Social**
He attributed market downturns to incompetence within the U.S. leadership, singling out Harris and Biden as the culprits.
**August 14, 2024, in North Carolina**
At a rally, Trump warned of a potential economic depression under Harris, while promising an economic resurgence with his own election.
**October 29, 2024, in Pennsylvania**
Trump cautioned that a Republican defeat in the election would result in a market collapse.
**November 4, 2024, in Michigan**
While hailing Bessent once again, Trump reiterated that the market’s growth stemmed from expectations of his electoral success.
**December 12, 2024, on CNBC**
In an interview, Trump reiterated his view on the stock market as a symbol of his administration’s vigor, recounting his close ties to the New York financial scene as evidence of his financial prowess.
**January 7, 2025, at Mar-a-Lago**
Trump celebrated record-breaking stock market achievements, underscoring the historic climb of the S&P 500 index.
**February 19, 2025, in Miami Beach**
Predicting robust market growth, Trump laid out plans to spur the economy by reducing federal government size.
**March 9, 2025, on Fox News**
Confronted on recession fears tied to his tariffs, Trump dismissed such concerns, emphasizing a transformative economic agenda and urging patience.
**March 11, 2025, at the White House**
Addressing journalists post-market selloff, Trump reassured that fluctuations are natural and pointed fingers at Biden for economic woes. He concluded with confidence in his policies, promising a booming economy.
In sum, Trump’s narrative intertwines the stock market with his political aspirations, frequently positing market trends as indicators of electoral success or failure. As he maintains focus on revitalizing the economy, doubt looms over potential market repercussions, with his strategy and policies awaiting the ultimate test of time.
