Trump Warns of Market Crash if He Loses 2024, But Strategists Doubt Claim
• Trump is warning the stock market will crash if he loses the 2024 election, but market veterans dismiss this claim as typical Trump bluster. The market did not crash when he lost in 2020.
• Under Biden, the stock market has actually climbed significantly to all-time highs. Strategists say Trump is falsely trying to take credit.
• The current market rally is being driven by the strengthening economy and corporate profits, not politics. Investors are focused on fundamentals.
• Strategists are split on whether a Trump 2.0 agenda would be positive or negative for markets. Some welcome deregulation, others fear trade wars and Fed interference.
• Historically the market performs better under Democratic presidents. But there is some wariness of potential instability under Trump.