Trump claims credit for stock market reaching record high under Biden administration

Former President Donald Trump, who is predicting economic ruin if he is not re-elected to the White House, said Monday that more than three years after leaving office, he should take credit for the stock market’s recent highs.

In a post on his platform Truth Social, President Trump claimed that polls showing him ahead of President Biden in a hypothetical rematch in November are fueling Wall Street’s optimistic outlook.

In an all-caps letter posted on Truth Social, President Trump said: “This is because my polling against Biden is so good that investors expect me to win and that will push the market up. It’s Trump’s stock market.”

Biden’s campaign team mocked the post, saying, I will explain it as follows President Trump is “desperately trying to take credit for the stock market hitting record highs under President Biden.”

According to opinion poll analysis by The Hill/Decision Desk Headquarters, Mr. Biden and Mr. Trump, the front-runner in the Republican Party, are in a close race in the general election, with Mr. Trump leading by an average of 2.2 percentage points.

Trump has repeatedly predicted that the stock market will collapse if he doesn’t win the presidential election, most recently ahead of this month’s Iowa caucuses.

The Dow Jones Industrial Average and S&P 500 index have hit record highs over the past week.

“I think the economy is terrible, other than the stock market going up. I’m leading Biden in every poll,” President Trump said at a Fox News town hall event in Iowa. So I think the stock market is going up.” January 10th: “If we don’t win, I think we’ll crash.”

Trump made a similar prediction before losing the 2020 election.

“If Biden wins, there will be a stock market crash like we’ve never seen before,” he said in a speech. campaign rally That year.

The Biden campaign dug up the clip. I reposted it online “Good for you, Donald,” he said jokingly last week.