Will the US stock market continue to hit new highs? The president's words are quite assertive.



On Wednesday, the U.S. stock market opened with a bit of confusion - the Dow Jones increased by a symbolic 0.03%, the S&P 500 dropped by 0.03%, and the Nasdaq climbed by 0.04%. At this critical moment, Trump made a strong statement while having breakfast with Republican senators: the government shutdown is dragging down the stock market and must be resolved immediately.

His original words were more straightforward: "In the past nine months, the US stock market has repeatedly broken historical records, and this is not over yet." The implication is very clear— the economy is in a period of explosion, new factories are opening one after another, the growth potential has not been fully released, and now the market is in a panic due to the government shutdown, which is entirely self-inflicted trouble.

Regarding those people in Congress still arguing, Trump has become impatient: "The bill should pass tonight." He urged Republican lawmakers to quickly skip the lengthy debate process, while restarting federal agencies and advancing restrictions on mail-in voting.

The data aspect indeed supports his confidence. Over the past year, the S&P 500 has accumulated a 19.6% increase, corporate profits are solid, and the AI concept has been hyped up. Despite the ongoing trade friction casting a shadow, and market fluctuations occasionally causing some fright, the U.S. stock market has held its ground.

There is an interesting detail - Trump has always regarded the rise and fall of the stock market as a barometer of his political achievements. When he met with Japanese Prime Minister Fumio Kishida last October, he specifically mentioned the record high of the US stock market, as if to say, "Look, I'm doing pretty well, right?"

The current question is: how long will the government shutdown last? Investors clearly do not want to wait too long.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
JustHereForMemesvip
· 12h ago
This old man is just bragging.
View OriginalReply0
FromMinerToFarmervip
· 15h ago
Tsk tsk, Donald Trump can't hold on again.
View OriginalReply0
AlwaysMissingTopsvip
· 15h ago
You're just bragging again, and the weights are clanking.
View OriginalReply0
OnchainUndercovervip
· 15h ago
Still pretending to be tough and bluffing people.
View OriginalReply0
TheShibaWhisperervip
· 15h ago
懂哥 is bragging about the market again.
View OriginalReply0
ShibaSunglassesvip
· 15h ago
I actually believed what Old Chuan was saying.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)