After Trump's April 9 "buy the dip" tweet, the US stock benchmark index achieved the best gain during his two presidential terms
BlockBeats reports that on May 13, investors who followed Trump's advice on social media over the past month have enjoyed one of the largest gains in the S&P 500 index under his leadership.
After Trump's announcement of the "Liberation Day" tariff measures, the U.S. stock benchmark index had significantly dropped, but in the month following April 9, when he stated "now is a good time to buy" (just hours before he suspended some of the most severe tariff measures in a century), the index rose by 14%. On May 8, he reiterated this view, telling reporters that the economic outlook was good and that it was worth buying a lot of stocks.
According to data compiled by Bloomberg, based on a 21-trading-day rolling calculation, this is the best gain recorded in the S&P 500 index during Trump's two presidential terms, except for the special period at the beginning of the COVID-19 pandemic in 2020. (Jin10)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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