The financial markets have experienced a surge to record highs in the current year, and according to former President Donald Trump, the driving force behind this phenomenon is the investors' anticipation of his potential re-election. In a recent post on Truth Social, Trump asserted, "THIS IS THE TRUMP STOCK MARKET," suggesting that the impressive rally is a result of favorable polls against Joe Biden, with investors seemingly projecting his victory and, in turn, propelling the market to new heights.
Despite acknowledging challenges such as geopolitical issues in the Middle East and significant inflation levels, Trump is now inclined to associate the positive market momentum with the prospect of his political comeback. This viewpoint marks a shift from his previous stance, where he criticized the market rally for benefiting the wealthy. Notably, key market indices like the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average have all achieved historic highs in recent days.
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