Former President Trump on Sunday night appeared to gloat in response to the global market selloff and suggested his Democratic rivals were to blame.
“STOCK MARKET FALL. I TOLD YOU!!! KAMALA HAS NO IDEA. BIDEN IS ASLEEP. ALL CAUSED BY US INEPT LEADERSHIP!” Trump wrote on his Truth Social platform Sunday night.
US stock markets tumbled on Friday following a weaker-than-expected jobs report that raised fears that the economy could be slowing faster than analysts predicted. On Monday, the sell-off was intensifying, with S&P 500 stock futures falling more than 2% and the Nasdaq falling more than 4%.
Markets around the world refused, especially in Asia and Europe. In Japan, the Nikkei 225 index fell 12.4% and the Topix index fell 12.2%.
Stock markets have generally risen since the start of 2023, based on solid economic data, as employment levels have continually exceeded expectations in the face of Federal Reserve interest rate increases aimed at slowing the economy.
Trump, who has linked himself to the stock market during his presidency, has frequently tried to claim responsibility for the stock market records set under President Biden.
Earlier this year, he said the market was doing well “because they think I’m going to get elected.” He also said investor sentiment was rising because his polls against Biden were “very good.”
The Biden campaign in response mocked those comments, saying Trump was “desperately trying to take credit for the stock market reaching record levels under President Biden.”
The Hill has reached out to Harris’ campaign for a response to Trump’s recent comments.
This story originally appeared on thehill.com read the full story
