Trump sinks the stock market via Twitter messages

The recent messages of US President Donald Trump on Twitter – especially those in which the president criticizes the Central Bank of the US country – have a negative impact on the financial market, reports AP.
2019 began with Trump’s promises of huge growth for stock market shares

In January, the president shared his enthusiasm regarding a “great day” on Wall Street. For June, he tweeted: “The stock market is up by almost 40% since the presidential elections.” When the market registered a record high on August 25, Trump tweeted: ” Congratulations United States of America!” And there was even more excitement on October 3, when he said: “The stock market has just reached an all-time high during my presidency for 102nd time, by far a presidential record, for less than two years.”

Now, as those profits are eliminated, the president attacked the Federal Reserve (Fed) for the problems of the stock market and those tweets are further sinking the prices of the shares.
On Monday, the shares gave an additional 2 to 3% following another tweet attack by Trump against the Fed and the Treasury secretary’s effort to calm investors who seemed to have worsened the situation.

Source: La Actualidad