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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“After winning THREE Elections, BY A LOT, I am now getting the best Polling Numbers that I have ever received. People see how strong the Economy is, the Trillions of Dollars of Investment pouring into our Country, the Record Setting Strong Border (After years of millions of criminals pouring through it, totally unvetted and unchecked!), ending 8 wars in eight months, no men playing in women’s sports, no transgender for everyone, rapidly falling Energy prices, and much more! Despite all of this, the Radical Left Losers are taking fake ads, not showing REAL Polls, but rather saying that I’m Polling at low levels. These are the people that I’ve been beating for years, and am continuing to do so, but by even bigger margins. These ads should not be allowed to run because they are FAKE!”
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 social media post, highlighting his claims of a strong economy and rapidly falling energy prices, could lead to increased investor confidence in the energy sector, potentially boosting the stock prices of the Energy Select Sector SPDR Fund and Vanguard Energy ETF. However, his controversial statements and accusations against the ‘Radical Left’ may also introduce volatility and uncertainty, as investors weigh the potential impact of political tensions on market stability. Overall, the market reaction will depend on the perceived credibility of Trump’s claims and the broader economic context.
Here are some of the stocks that might be affected:
Energy Select Sector SPDR Fund ((XLE)),
Vanguard Energy ETF ((VDE)).