'You Only Have Yourselves To Blame!': Trump Rages as Tech Selloff Wipes $2.5 Trillion From Markets
Chip stocks led the rout as investors worried a Democratic Congress could slow AI data center construction and chip demand.
- On Tuesday, Democrats secured majorities in both the House and Senate, according to the Associated Press. The party also flipped five governorships, marking the first time in 16 years they have held a majority of the 50 governorships.
- Markets reacted sharply to Tuesday's results, as President Donald Trump's bull market faces uncertainty. The Dow Jones Industrial Average fell 3.44%, while the S&P 500 and Nasdaq Composite dropped 4.36% and 5.52% respectively.
- Wall Street investors remain wary of premium valuations, with the Shiller Price-to-Earnings Ratio recently topping 40 for only the third time in over 156 years. History suggests such high valuations precede bear markets like the Dot Com Bubble.
- Democratic Governor-Elect Gina Hinojosa of Texas proposed a moratorium on new approvals until the state establishes laws governing water and power rights. Hinojosa demands union labor and proof that household bills will not rise.
- Artificial intelligence infrastructure remains central to growth, with IDC projecting the technology will create $22.5 trillion in economic value by 2031. Amazon, Google, Meta, Microsoft, Nvidia, and Oracle continue investing to bring power and transmission to future projects.
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'You Only Have Yourselves To Blame!': Trump Rages as Tech Selloff Wipes $2.5 Trillion From Markets
President Donald Trump blamed Democratic election gains for a sharp technology sell-off that erased about $2.5tn from the Nasdaq-100, with chip stocks suffering heavy losses.
Trump Blames “Stock Market Crash” On Blue Tsunami
The Washington Examiner reports: President Donald Trump blamed the current stock market volatility on voters electing Democrats in the 2026 midterm elections. “The Stock Market crashed today because the Dumocrats had a big Tuesday — So sad to see, you only have yourselves to blame!” Trump wrote on Truth Social on Thursday evening. On Thursday, … The post Trump Blames “Stock Market Crash” On Blue Tsunami appeared first on Joe.My.God..
President Trump said Thursday night that voters are the only ones responsible for the historic collapse of the stock market, Axios reports.
US President Donald Trump has blamed US citizens for the huge stock market crash on Wall Street, claiming that the voters who supported the Democratic Party candidates in the midterm elections.In a reaction to his social network Truth Social, Trump said that the election results have caused one of the most serious days. bad in the history of the stock market.” The stock market experienced one of the worst days in history because of the election …
President Trump said Thursday night that voters are the only ones responsible for the historic collapse of the stock market, Axios reports.
Trump blames Democrats for the collapse of the US stock market
Trump blames Democrats for the collapse of the US stock marketUS President Donald Trump has said that the US stock market has experienced one of the worst days in its history since the midterm congressional elections. He wrote about this...
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