Mr. Trump is more willing to play with the "pain" of the US stock market

The US stock market is reacting to President Donald Trump's policies. (Source: CNN)

The post-election gains have quickly evaporated, with US stocks plunging. Confidence in the White House's economic policies has plummeted and frustration over the trade war is growing.

Mr. Ed Yardeni, a famous American financial expert and Chairman of the consulting company Yardeni Research, commented that the market is "protesting" Mr. Trump's policies, as investors no longer believe that these policies will lead to a golden age.

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It can be seen that, so far, President Trump is still determined with his plan by continuing to increase tariffs, cut government spending and lay off a series of federal employees.

In that context, officials under his command also seemed to ignore the S&P 500 index's dizzying 10% drop.

Investors are beginning to realize an alarming truth: In this term, the leader is more willing to play with the "pain" of the market.

“It seems like President Trump doesn’t care about the stock market at all,” Yardeni said, adding that this is a big problem for investors.

During Mr Trump's first term as president, investors assumed there was something called the "Trump Put" - when the market fell too low, the White House would reverse policy to save it.

However, according to financial expert Yardeni, now, the "Trump Put" is no more, on the contrary, the White House owner's policies seem to be weakening the economy.

Some investors expressed concern that President Trump's disregard for market signals could cause the market to react more strongly.

The president of consultancy Yardeni Research sees a similar situation playing out in the stock market, expressing concern: "If stock investors think their warnings have been ignored and realize these policies could cause a recession, there could be an even bigger sell-off to get Washington's attention."

And of course, market “tantrums” can have real economic impacts.

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The more the market plunges, the more businesses and consumers tend to tighten their spending, affecting corporate profits and pushing stock prices lower.

However, government officials say the current tensions are only short-term difficulties, and in the long run, the policy will be beneficial.

In an interview with NBC News ' "Meet the Press" in March 2025, Treasury Secretary Scott Bessent said: "I'm not worried about the market. In the long run, if we have good tax policy, deregulation and energy security, the market will develop well."

Minister Bessent even found the stock market correction to be "healthy" and "normal."

Source: https://baoquocte.vn/ong-trump-chiu-choi-hon-voi-nhung-con-dau-cua-thi-truong-chung-khoan-my-308813.html