Trump blames Democrats for stock market plunge after midterm elections
President Donald Trump has blamed Democrats for a sharp sell-off on Wall Street following the midterm elections, while reports describe growing internal tension over who is responsible for the market fall.
President Donald Trump has blamed Democrats for a sharp fall on the US stock market that followed the midterm elections, pointing to the party's gains as the source of the financial turmoil. Coverage of the sell-off framed the drop as arriving in the wake of a Democratic victory rally, a sequence that Trump has used to draw a sharp contrast between the post-election mood and the losses that followed.
According to reports cited in the source material, about $2.5 trillion was wiped from Wall Street in the downturn, a figure attributed to the Daily Mail. The reporting describes a meltdown that turned a post-election rally into financial carnage. The precise index levels and trading dates of the fall have not been confirmed in the available material, so the scale of the decline should be read as reported rather than independently verified.
In his response, Trump reportedly referred to Democrats as « dumocrats », a nickname he has used in past political exchanges. He also reportedly vowed that the United States would recover stronger, « one way or another », and urged investors not to fear the downturn. The message was aimed at calming markets while placing responsibility for the losses on his political opponents.
Reports further claimed that insiders inside the administration were looking for someone to blame for the market fall, and that a civil war of sorts was brewing within the administration over how to respond. The material does not identify the individuals involved or set out the specific disagreements, so these claims rest on the characterisation of anonymous sources rather than on named statements.
It is important to note that the link between the election result and the market drop is not established in the available reporting. Blaming the opposition for a market decline is a political claim, and the sources do not show a demonstrated causal chain from the midterm outcome to the fall in share prices. Market movements of this kind typically reflect a wide range of factors, including interest rate expectations, corporate earnings and broader global conditions, and analysts would normally weigh these before attributing losses to a single political event.
The episode has drawn attention because it places the performance of equities at the centre of partisan argument immediately after a major electoral test. For investors and policymakers, the central question is whether the fall reflects a lasting shift in economic expectations or a short-term correction. The material available does not answer that question. Further reporting on the index data, the administration's stated policy response and any direct comments from the Treasury or the Federal Reserve would be needed to judge the lasting impact.
Source: independent.co.uk
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