Trump warns the market will crash if he loses. Investors just laugh
CNN
Former President Donald Trump is once again warning the stock market is doomed unless voters return him to the White House.
Former President Donald Trump is once again warning the stock market is doomed unless voters return him to the White House. Trump is not just foretelling a market meltdown — something he, wrongly, forecast in 2020. The former president is predicting the mother of all market crashes if he isn’t victorious. “If we lose, you’re gonna have a crash like you wouldn’t believe,” Trump said at a campaign rally on Friday. He went on to say a loss for him would spark “the largest stock market crash we’ve ever had.” But there is no evidence to support that claim. In fact, market veterans who CNN spoke to laughed off the former president’s warning of the biggest-ever market crash. They dismissed it as Trump just being Trump and argued the 2024 race for the White House has had little — if any — role in fueling the market boom. “That’s the Trump bluster that I just don’t pay a lot of attention to,” said Brian Gardner, chief Washington policy strategist at Stifel. “There’s not going to be a huge selloff if Trump were to lose. Regardless of who wins, post-election you could see a rally — fueled by relief that it’s over.”
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