Trump Hypes Market Rally as ‘GREAT JOB NUMBERS’ Fuel Traders’ Greed
Wall Street’s latest sugar rush—another round of bullish employment data—gets the presidential seal of approval. Never mind that markets are pricing in six rate cuts by 2025.
Politicians love a rising stock market almost as much as hedge funds love leverage. Today’s cheerleader-in-chief? The man who turned ‘buy the dip’ into a campaign slogan.
Funny how ‘strong fundamentals’ only matter when the S&P’s at all-time highs. Where were these economic geniuses during the last crypto winter?
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“GREAT JOB NUMBERS, STOCK MARKET UP BIG! AT THE SAME TIME, BILLIONS POURING IN FROM TARIFFS!!!,” said Trump in a Truth Social post.
Trump Pushes for Rate Cuts Following Jobs Report
Earlier today, Trump urged “Too Late Powell,” the nickname he has given to Fed Chair Jerome Powell, to cut the federal funds rate, characterizing him as a “disaster.” A lower rate WOULD reduce the interest expense that the U.S. owes on its debt, argued Trump. The president added that there “is virtually no inflation (anymore).”
April’s consumer price index (CPI), which tracks inflation, tallied in at 2.3%, lower than the estimate for 2.4% and the lowest reading since February 2021. At the same time, it’s still higher than the Fed’s 2% inflation target.
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