Former President Trump, who has predicted economic doom if he’s not elected back to the White House, said Monday he should get credit for the stock market’s recent record highs, more than three years after he left office.
In a post on his Truth Social platform, Trump claimed that polls that show him ahead of President Biden in a hypothetical rematch in November are driving the optimistic outlook on Wall Street.
“THIS IS THE TRUMP STOCK MARKET BECAUSE MY POLLS AGAINST BIDEN ARE SO GOOD THAT INVESTORS ARE PROJECTING THAT I WILL WIN, AND THAT WILL DRIVE THE MARKET UP,” Trump wrote in an all-caps missive on Truth Social.
Biden’s campaign team mocked the post, describing it as Trump “desperately trying to take credit for the stock market hitting record highs under President Biden.”
The Hill/Decision Desk HQ analysis of polls shows Biden and the GOP front-runner, Trump, in a close race in a general election match-up, with Trump ahead by an average of 2.2 percentage points.
Trump repeatedly has predicted the stock market would crash if he doesn’t win the presidential election — most recently ahead of this month’s Iowa caucuses.
The Dow Jones Industrial Average and the S&P 500 index set record highs over the past week.
“I think the economy is horrible, except the stock market is going up, and I think the stock market is going up because I’m leading Biden in all of the polls,” Trump said during a Fox News town hall event in Iowa on Jan. 10. “I think there will be a crash if I don’t win.”
Trump made a similar prediction before losing the 2020 election.
“If Biden wins, you’re gonna have a stock market collapse, the likes of which you’ve never had,” he said during a a campaign rally that year.
The Biden camp dug up that clip and reposted it online last week, quipping, “Good one, Donald.”