Trump’s ‘Buy Stock’ Message Comes at a Key Psychological Level

Trump’s ‘Buy Stock’ Message Comes at a Key Psychological Level

As the S&P 500 erases losses stemming from last month’s tariff announcement, Donald Trump may be right to encourage investors to open up their portfolios and take action.

The S&P 500 and Orkan related indexes continued to rise slightly. The announcement of the US-UK trade agreement provided a strong boost. After the announcement, President Trump again said, "You'd better buy stocks now."

Expectations of a relief in trade tensions once again boosted Wall Street on Thursday, following President Donald Trump's announcement of a new trade agreement with the United Kingdom and his willingness to reduce tariffs on China if negotiations advance positively.See more: The rally challenging Wall Street: the keys to Latin America's most profitable marketThe S&P 500 rose 0.58%, while the Dow Jones Industrial won 0.62%. The Nasdaq Composite a…

Will the rally continue?

The recent relief rally in the S&P 500 is welcome, but is it sustainable? The stock market’s vulnerability is a weakness in Trump’s arsenal against China, and it’s also a barometer of his popularity. Meanwhile, the market and the U.S. economy are heavily reliant on consumer spending, with personal consumption expenditures accounting for approximately 70 per cent of U.S. Gross Domestic Product (GDP), according to the Bureau of Economic Analysis. …

The US president is once again recommending buying stocks.

Donald Trump said he was ready to lower tariffs on China.