The past several days have been bumpy ones for the stock market, and President Trump on Wednesday offered his thoughts on the recent volatility.
The past several days have been bumpy ones for the stock market, and President Trump on Wednesday offered his thoughts on the recent volatility. "In the 'old days,' when good news was reported, the Stock Market would go up," he wrote in a tweet. "Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!" The decline began Friday, and on Monday the Dow experienced its biggest one-day drop in history, reports CNN. However, Tuesday and early Wednesday showed signs of stabilization. For months, Trump has boasted about the robust market, and now that's making for some tricky messaging, notes Axios. The topics of the stock market and Trump's possible regrets over previous credit-taking statements about it were raised during Tuesday's press briefing. White House press secretary Sarah Huckabee Sanders said the president stands by his words and commented, "Look, the economy is incredibly strong right now. The President's focus continues to be on the long-term economic fundamentals, which, like I just said, are very strong in this country."