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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“2Q GDP JUST OUT: 3%, WAY BETTER THAN EXPECTED! “Too Late” MUST NOW LOWER THE RATE. No Inflation! Let people buy, and refinance, their homes!”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Donald Trump’s statement on the 2Q GDP growth exceeding expectations at 3% could positively impact the stock market, particularly for homebuilders like D.R. Horton Inc, Lennar Corporation, and Pultegroup, as it suggests a strong economy with potential for increased home buying and refinancing. His call for lower interest rates could further boost these companies by making mortgages more affordable, potentially increasing demand for new homes. Additionally, financial and real estate sectors, represented by the Financial Select Sector SPDR Fund and Vanguard Real Estate ETF, might see gains due to the prospect of lower rates and a robust economic outlook.
Here are some of the stocks that might be affected:
D.R. Horton Inc ((DHI)),
Lennar Corporation ((LEN)),
Pultegroup ((PHM)),
Financial Select Sector SPDR Fund ((XLF)),
Vanguard Real Estate ETF ((VNQ)).