Trump Claims Credit for Stock Market Surge Amid 2024 Election Speculation
Biden's Team and Economic Experts Dismiss Trump's Assertion, Citing Strong Economic Indicators Under Current Administration
- Former President Donald Trump is claiming credit for the recent record highs in the stock market, attributing the surge to investor optimism about his potential return to the White House in the 2024 elections.
- Trump's claims come despite the fact that he has been out of office for over three years and that the economy has shown strong signs of growth under President Joe Biden's administration.
- Trump's assertion is being dismissed by Biden's campaign team, who argue that Trump is 'desperately trying to take credit for the stock market hitting record highs under President Biden.'
- Despite Trump's claims, many economic experts attribute the stock market's performance to a brightening economic outlook, including strong hiring, better-than-expected earnings, and a cooling inflation rate.
- Trump has previously predicted a stock market crash if he does not win the presidential election, a claim he made before the 2020 election and more recently ahead of the 2024 elections.