Trump Gloats Amidst Global Stock Market Sell-Off, Blames Democrats

In the midst of a global stock market sell-off, former President Donald Trump has taken to social media to gloat and blame his Democratic rivals.

U.S. stock markets plunged Friday following a weaker-than-expected jobs report that raised fears that the economy could be slowing down faster than analysts had predicted. By Monday, the sell-off was intensifying, with stock futures for the S&P 500 down more than 2 percent and down more than 4 percent for Nasdaq. Markets around the world declined, especially across Asia and Europe.

In a late Sunday night post on his Truth Social platform, Trump wrote: “STOCK MARKETS CRASHING. I TOLD YOU SO!!! KAMALA DOESN’T HAVE A CLUE. BIDEN IS SOUND ASLEEP. ALL CAUSED BY INEPT U.S. LEADERSHIP!”

Trump’s comments came as stock markets have generally been climbing since the beginning of 2023 on a foundation of strong economic data. Employment levels have continually surpassed expectations in the face of the Federal Reserve interest rate hikes meant to slow the economy.

The Biden campaign has mocked Trump’s comments, saying he is “desperately trying to take credit for the stock market hitting record highs under President Biden.”

The Hill has reached out to Vice President Harris’s campaign for a response to Trump’s recent comments.