Analyst: Trump may not stand by and watch the U.S. stock market collapse
In a message from ChainCatcher, AJBell investment analyst Dan Coatsworth said: "The sell-off in the US market is starting to look bad. For some time now, many people have been worried about overvaluation of the US stock market and are looking for catalysts for a market correction. Concerns about trade wars, geopolitical tensions and uncertainty about economic prospects could be such catalysts.
Trump was once seen as the savior of the market, promising to lower taxes and relax regulations. Now his actions have become an omen of doom. As people ponder whether trade tariffs will backfire leading to recession rather than prosperity in the U.S economy, the R-word (Recession) has returned to everyone's lips.
During Trump's first term, he often used rising stock markets as a symbol of his success. Therefore, he may not want to see a complete market collapse just months into his second term."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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