Wall Street criticizes: A single post from Trump can cause the US stock market to rise or fall by 5%, making economic data secondary.
Since Trump began his second term, fluctuations in the Stocks market have become a new normal. The President's Social Media presence may have more influence than actual economic data, which is not much different from his first term. Bill Eigen, a portfolio manager at JPMorgan, stated during a Television interview on Friday morning, "We are just a Truth Social post away from a 5% move every day. At this point, the data is almost secondary." He made this remark before the release of the USA non-farm payroll data. For example, last month, during Trump's...
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