Summary
As the stock market plunged Monday due to Trump’s trade wars, he spent the day posting on Truth Social.
The Nasdaq fell 4%, its worst drop since 2022, while the S&P 500 lost nearly 3%. Major tech stocks, including Tesla, saw significant losses.
Trump posted over 100 times, endorsing his tariffs despite investor panic. A White House official dismissed the sell-off as irrational fear.
Commerce Secretary Howard Lutnick insisted a recession is unlikely. Trump avoided a clear recession prediction, calling the economy’s shift a “transition.”
He’s done exactly what he set out to do: create a fire sale for his oligarch masters to profit from.
I was suspecting he was collapsing the market on purpose too. But his mental breakdown about it last night on social media suggests he simply is arrogantly incompetent and delusional.
Trump himself melts down regularly, unsurprising in an elderly grandiose narcissist with an amphetamine habit.
He is not the brains behind this administration’s actions, and it isn’t clear how much he even understands. He is a glove puppet for the oligarchs.
I was also on the “he’s doing it on purpose” train. I don’t know now 🤐😬
One day people will realize that you can make money when the stock market goes down
Causing it to go down is much easier than making it go up
Smart people looking to make money on a declining market told him some “smart” stuff to do. He believes it is smart. It is smart for the people that profit. Just hurts so many.
He believes he is special, like some kind of perfect business man where the “deals” always get done and work out in the end for him.
He has been used his whole life like a rich monkey to make others money thinking he was the brains behind the whole operation