Keep an eye on this today
After the stock market plummeted more than a thousand points on Monday, Donald Trump posted a rather bizarre tweet which suggested that he wasn’t aware it had even happened. It seemed like yet another stupid Trump flub. But after taking a look at the aftermarket trading, we have to at least consider the possibility that something else is going on.
Here’s Donald Trump’s tweet: “The Coronavirus is very much under control in the USA. We are in contact with everyone and all relevant countries. CDC & World Health have been working hard and very smart. Stock Market starting to look very good to me!” Why would he say that the market is starting to look very good, after it just dropped a thousand points? Even if he’s trying to convince the public that the market is still in good shape, this would be a bizarre way to phrase it. But what if he means something else?
Back in October of last year, and again in January of this year, major news outlets have documented the patterns which suggest that Trump and his pals have been manipulating the stock market so they can cash in. Trump posts a stupid and scary tweet about tariffs, the market plummets, then a few days later he announces he’s not going through with the tariffs, so the market bounces back, and so on. Specific stock trades have been made which suggest that the traders have known when Trump’s manipulative tweets were coming.
It’s true that the stock market disaster yesterday wasn’t a result of Donald Trump’s manipulation. But why would Donald Trump wait until the minute the market closed, and then tweet that the market is starting to look very good? It’s not difficult to imagine that this is a hint to his pals that they should dive into the market because it’s going to go back up soon. How could Trump know that it’s about to go back up? We’ve seen that he can make the market go up or down simply by posting a tweet about the economy.
As of right now the Dow Futures are up about two hundred points. That could change by morning, but the Futures have been steadily climbing all night. It suggests at least the possibility that Trump’s tweet was a message for his pals to invest big overnight, and that the Futures are up because of that. If Trump does something specific in the next few days to try to manipulate the stock market upward… well, let’s just say it’s worth keeping an eye on.
