Washington sources have stated that US President Donald Trump commented on recent stock market volatility for the first time on Wednesday, suggesting a wild sell-off may be due to good news about the economy.
According to sources Donald Trump tweeted that “In the ‘old days,’ when good news was reported, the Stock Market would go up”. “Today, when good news is reported, the Stock Market goes down.” The real estate tycoon suggested that was a "big mistake, and we have so much great news about the economy”.
Sources have stated that Tuesday’s sell-off and
partial recovery on Wall Street have been fueled by expectations that rising
wages and inflation will spur the Federal Reserve to raise interest rates.
Meanwhile throughout his presidency, Trump has
sought to portray record rises on Wall Street as indicative of the broader
economy, rather than a reflection corporate America.
