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Trump stock market tweets before midterm elections



donald trump stock market nasdaqMichael Nagle/Getty Images

  • President Donald Trump has begun to tweet frequently about
    the stock market again.
  • Trump’s eight stock tweets in October is the most about the
    market in one month since December 2017.
  • The tweets also come as Trump is trying to drum up Republican
    support heading into the midterms.
  • The stock market is still up significantly since Trump’s
    election, despite some recent struggles, so the president may see
    it as a good sales pitch.

After months of relative silence on the topic, President Donald
Trump is once again tweeting about the stock market’s strength in
the run up to the midterm elections.

Stock Market up more than 400 points yesterday. Today
looks to be another good one,” Trump tweeted Wednesday.
“Companies earnings are great!”

The message follows a double dose of stock market
commentary from Tuesday in which the president attempted to

pin the recent swoon
— October is on track to be the
worst month for the market since 2010
— on the Federal
Reserve and Democrats.

“The Stock Market is up massively since the Election, but
is now taking a little pause – people want to see what happens
with the Midterms,” Trump said. “If you want your Stocks to go
down, I strongly suggest voting Democrat.”

few Wall Street watchers
believe that Democrats
possibly retaking the House
, as most
forecasts suggest
, is the reason for the sell-off, the
president’s message seems to dovetail with
other recent tactics
the president has used to drum up
support for the GOP.

Read more: 

Trump’s bewildering new tax cut proposal is ‘the height of
cynicism’ and an admission the GOP tax law failed politically

The recent tweets are set to make October the most
market-focused month for Trump in nearly a year.

Looking at mentions of the
“stocks,” “stock market,” or one of the major US
indexes (Dow Jones industrial average, S&P 500, or Nasdaq),
Trump has tweeted about the market eight times so far in October.
That’s the most mentions in a month since December 2017, when the
president mentioned the market 15 times:

  • The uptick is also noticeable compared to the period
    after the
    market’s swift sell-off in February
  • From that month — when the Dow was
    roughly 3,000 points from its highs
    — through July, Trump
    tweeted about the market just seven times total for an average
    of 1.2 stock tweets per month.
  • That’s a far cry from the nine tweets per month about the
    market during the preceding six months.
  • But with the midterms approaching and the market picking up
    in August and September (four stock tweets apiece those months),
    Trump has suddenly started using stocks as a sales tool again.

Trump seemingly believes that stocks, which are still up
significantly since the 2016 election, are a good selling point.
And with the GOP on their heels on healthcare and struggling to
sell their tax reform bill, going back the market’s success may
be his best strategy.

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