Before Donald Trump posted on Truth Social, which advised that now is the best time to buy companies, US markets fluctuated on Wednesday night. He announced a 90-day tax expulsion about four hours later, which led to significant business benefits.
After White House staffer Margo Martin shared a picture in which the President made reference to significant financial advances made by professionals, specifically mentioning images of$ 2.5 billion and$ 900 million, criticism erupted.
What appeared to be marketplace manipulation was criticized by a social media user who claimed to be a multi-asset investor on X, highlighting a pattern of political tweets followed by policy changes that materially benefited certain individuals.
Imagine a president apologizing,” This is the right time to buy,” pausing the tariffs, and then smilingly mentioning how his friends made$ 2.5 billion and$ 900 million. Zubare Khan wrote,” True PUMP AND DUMP.”
The S&, P 500 increased by 9.5 %, regaining approximately$ 4 trillion in market value. Richard Painter, a former White House ethics attorney, expressed concern for potential insider trading breaches to AP.
Concerned the schedule of Trump’s choice regarding the tax delay, questions surfaced. His explanation of the schedule was illogical, saying it was made that night after considering it for a while. Kush Desai, a spokesman for the White House, defended the position as being under the president’s purview.
Trump Media and Technology Group’s stock ticker unexpectedly matched the article’s name” DJT.” Despite losing £400 million the year before, the company’s shares increased by 22.67 %. Donald Trump Jr.’s 53 % interest increased to £415 million in value, making it his own.
In response to new endorsements from Trump and his business director, Tesla stock increased significantly, adding £20 billion to Elon Musk’s value.
