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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“RT @rapidresponse47 President @realDonaldTrump at the UN: One year ago, our country was in deep trouble, but today, just eight months into my Administration, we are the hottest country anywhere in the world — and there is nobody even close.”
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 at the UN, highlighting the perceived economic strength of the United States, could lead to increased investor confidence in U.S. markets, potentially drawing capital away from international markets. This shift might result in a decrease in demand for international ETFs such as those tracking Brazil, China, Australia, Canada, Germany, Italy, Japan, France, Mexico, South Korea, South Africa, the United Kingdom, and India, as investors may prefer to invest in U.S. assets. Consequently, these international ETFs could experience short-term volatility or downward pressure as a result of the reallocation of global investment capital.
Here are some of the stocks that might be affected:
iShares MSCI Brazil ETF ((EWZ)),
iShares MSCI China ETF ((MCHI)),
iShares MSCI Australia ETF ((EWA)),
iShares MSCI Canada ETF ((EWC)),
iShares MSCI Germany ETF ((EWG)),
iShares MSCI Italy ETF ((EWI)),
iShares MSCI Japan ETF ((EWJ)),
iShares MSCI France ETF ((EWQ)),
iShares MSCI Mexico ETF ((EWW)),
iShares MSCI South Korea ETF ((EWY)),
iShares MSCI South Africa ETF ((EZA)),
iShares MSCI United Kingdom ETF ((EWU)),
iShares MSCI India ETF ((INDA)).