Trump Sends A Strong Warning To Stock Market Experts, Reveals What Will Happen If He Loses 2024 Election

by Jessica

According to a report by CNN on Tuesday, February 27, 2024, former President Donald Trump’s recent warning about a potential market crash if he loses the election is being met with skepticism by investors and market experts alike.

Trump’s dire prediction, made during a campaign rally, has been dismissed as unfounded and characteristic of his rhetorical style.

During a rally on Friday, Trump proclaimed, “If we lose, you’re gonna have a crash like you wouldn’t believe,” adding that a loss for him would trigger “the largest stock market crash we’ve ever had.”

However, market analysts and veterans quickly pointed out the lack of evidence to support such a claim.

Trump’s forecast of a catastrophic market downturn if he is not re-elected echoes similar warnings he made during the 2020 election cycle, which did not materialize.

Despite his insistence, experts remain unconvinced of a direct correlation between the outcome of the election and market performance.

In response to Trump’s assertions, market experts interviewed by CNN expressed skepticism and amusement at the notion of a market crash tied to the election outcome.

Brian Gardner, chief Washington policy strategist at Stifel, dismissed Trump’s warnings as mere bluster, stating, “That’s the Trump bluster that I just don’t pay a lot of attention to.”

David Kelly, chief global strategist at JPMorgan Asset Management, emphasized the unpredictability of the market and questioned the credibility of anyone, including politicians, who claims to accurately predict its movements.

“I don’t believe they’re able to say what the market is going to do in the first week of November.

And I don’t believe any politician can do that either,” remarked Kelly.

Kelly’s sentiment reflects a broader skepticism among market participants towards attempts to forecast market behavior based on political outcomes.

The consensus among experts is that market movements are influenced by a multitude of factors beyond the outcome of a single election.

Furthermore, analysts suggest that the post-election period could bring about market reactions driven by relief that the uncertainty of the election cycle has come to an end, rather than panic over the outcome itself.

In light of Trump’s repeated warnings about market crashes, Kelly wryly remarked, “I think I heard that three years ago,” highlighting the recurrence of similar claims from the former president.

As the election cycle unfolds, investors remain focused on economic fundamentals and broader market trends rather than political rhetoric.

Related Posts