Trump: 401(k) surging to record highs is a historical milestone, while the sharp drop is caused by the Democratic Party.
18 minutes ago
Amid sharp U.S. stock swings following the midterm elections, U.S. President Donald Trump published two contradictory posts on Truth Social. At noon local time on November 4, he claimed the stock market had hit a new all-time high, marking 91 consecutive record-setting trading days, and wrote: "Your 401(k)s are skyrocketing, all records." Roughly 24 hours later, on the evening of November 5, amid a steep sell-off that saw the Dow Jones Industrial Average fall ~3.44%, the S&P 500 drop ~4.36%, and the Nasdaq plummet ~5.52%, Trump posted: "The stock market is having one of the worst trading days in history due to election results" and "Your 401(k)s have shrunk because of this." He stressed: "Not the Republicans, the stupid Democrats (Dumocrats)", urged no panic, and noted the market would "become stronger than ever in some way." That same night, he posted again: "The stock market crashed today because the Democrats won big on Tuesday... You only have yourselves to blame."
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