Trump's Market Moves Spark Controversy and Profit
By Editor • April 10, 2025 • 1 min read
Donald Trump's recent financial advice has ignited debate as markets fluctuated between gains and losses. Early Wednesday, he declared on Truth Social, "¡¡¡ESTE ES UN GRAN MOMENTO PARA COMPRAR!!! DJT" at 9:37 a.m., just hours before announcing a 90-day pause on nearly all tariffs.
This announcement sent stocks soaring, with the S&P 500 gaining 9.5% by the end of the day, recovering approximately $4 trillion in value lost over the previous four trading days.
Critics, including Richard Painter, former White House ethics lawyer, raised eyebrows over the timing of Trump's post. "He loves this control over markets, but he better be careful," Painter warned, referencing legal prohibitions against insider trading. The question remains: was Trump contemplating the tariff suspension when he made his bold social media statement?
In a somewhat ambiguous response, Trump stated, "I’d say this morning. I’ve been thinking about it the last few days." However, the White House did not clarify this further, instead defending Trump's social media engagement as a presidential duty to reassure markets and the public amid media alarmism.
The intrigue deepens with Trump's signature on the post: "DJT" also represents the stock symbol for Trump Media and Technology Group, the parent company of Truth Social. While it is unclear whether Trump was alluding to general stock purchases or specifically to Trump Media, the latter surged by 22.67%, significantly outperforming the market.
With Trump’s 53% stake in the company—now in a trust managed by his son Donald Trump Jr.—gaining $415 million that day, the implications of his statements are profound. Meanwhile, Tesla, a company Trump has previously praised, also saw substantial gains, adding $20 billion to Elon Musk's fortune.
Source: www.clarin.com
