PiCK
Trump Says US Stocks Will Break Through the Ceiling as Tariffs Draw Corporate Investment
Summary
- Trump said the US stock market would "break through the ceiling and go higher," signaling strong expectations for further gains.
- Trump said companies are investing in the US because of tariffs, underscoring what he described as the impact of his tariff policy.
- Walter Bloomberg reported that Dell's share price rose after Trump urged investors to buy Dell (DELL) stock.
Forecast Trend Report by Period
President Donald Trump struck an upbeat tone on US stocks, corporate investment and foreign policy.
Walter Bloomberg reported on July 6 that Trump said "the market is going to break through the ceiling and go higher."
Trump also said companies are investing in the US because of tariffs, arguing that his tariff policy is driving capital into the country.
He also mentioned specific companies, saying Dell's contribution "will be rewarded."
Trump also thanked Micron for its support.
On foreign policy, Trump spoke positively about relations with Venezuela and Iran. "The US is getting along well with Venezuela," he said. "The same is true with Iran."
He drew a line on Iran's nuclear program, saying that Iran can never have a nuclear weapon.
The remarks came as Trump seeks to highlight a strong stock market and rising corporate investment as the result of his economic policies. Markets are watching how tariff policy, corporate investment and discussions over expanding Trump accounts could affect sentiment toward US stocks, consumption and investment.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.