The White House reduced the sale of the long stock market on Monday, insisting that recent initiatives of business leaders suggest a bright approach to the US economy.
“We are watching the stock market animals’ souls and the facts we come from by business and business leaders on Monday afternoon,” a White House official told reporters on Monday afternoon.
“The latter is clearly more meaningful than the former, what is the storage of a medium to long -term for the economy.”
In economics, the term “The souls of the animal“Used to describe situations where human emotions order investors’ decisions, rather than pure logic.
The White House suggests using this term that sales of sales are being run due to irrational fear and negative.
Dow Jones Industrial Average Monday and fell 900 points near it Nes deck Since 2022, its worst session has been reduced, while S&P 500 2.7 % lost.
The disappointing trading day increased a sale and intensified it, which has now entered its third week.
But experts have pointed to a number of factors in which investors have been emphasized at 25 % on imports from stocks, chiefs, Mexico and Canada. President Donald Trump implemented these rates last month and then stopped, just to be pregnant and partially stop them last week.
Increasing the uncertainty about Trump’s trade policy is widespread firing by thousands of federal employees, the effort is being monitored by billionaire Trump’s adviser Elon Musk.
The result was a sudden overturning of aggressive candidates and high risk tolerance, which helped to take great advantage of the market late last year.
“You have definitely seen some of the souls of the animal that were promoting the stock market rally at the end of the fall,” said Scott Linscoom, vice president of General Economics and Trade at the Liberian Cato Institute.
“People are now seeing more at the negative risks at potential high prices, and just on all uncertainty, Linsco said in a recent interview to CNBC.”
“And that, in my view, can go back to the president directly.”
Trump has stopped pointing to large -scale financial markets, because he is the country’s economic health barometer, which he regularly did during his first term.
Instead, the White House has begun recent promises by business leaders to invest hundreds of billions of dollars in the United States in the coming years.
Some of the biggest promises of such appleWhich announced a $ 500 billion investment plan, Soft BankFor, for, for,. tsmcFor, for, for,. And Eli lily.
In a separate statement on Monday afternoon, White House spokesman Kosh Desai said the industry leader was responding to Trump’s election victory and the enthusiasm of his economic agenda.
“President Trump provided an increase in historic jobs, wages and investment in his first term, and he is ready to do so in his second term,” said Desai.
