Trump Says Election Result Wiped Out $3 Trillion in US Stocks in One Day, US Will Rebound Stronger
JH Kim
Summary
- Trump claimed the recent election result caused a $3 trillion loss in the US stock market in a single day.
- No specific market data was presented to support the latest stock-market decline, the report said.
- Trump said he was confident the US would recover stronger and bigger than before.
Forecast Trend Report by Period
President Donald Trump claimed the recent election result wiped out $3 trillion from the US stock market in a single day.
Cointelegraph, a cryptocurrency-focused media outlet, reported on November 8 that Trump linked the election result to the market decline and said $3 trillion in market value had vanished in one day.
Trump blamed the election result for the stock-market loss, but he did not provide specific market data to support either the size of the decline or the causal link.
He also expressed confidence in a recovery, saying the US would return "bigger and stronger than ever."
JH Kim
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