President Donald Trump, gearing up for the official start of his 2020 campaign, warned that the U.S. would face an epic stock market crash if he’s not re-elected. He also tweeted in February that “had the opposition party” won in 2016, “the Stock Market would be down at least 10,000 points by now” — an unprovable assertion. And in January Trump suggested that if “you want to see a Stock Market Crash, Impeach Trump.”“We have never had a president so aware of where the stock market is and how much it is up or down on the year,” Chris Rupkey, chief financial economist at MUFG Union Bank NA, said in an email. The more narrow DJIA, whose performance Trump likes to reference, last peaked more than eight months ago, on Oct. 3. Recent figures have shown slowing job gains, and Trump’s tariff threats are weighing on business sentiment.

Source: National Post June 15, 2019 19:07 UTC