{"id":1052570,"date":"2025-04-22T15:35:21","date_gmt":"2025-04-22T19:35:21","guid":{"rendered":"https:\/\/democrats.org\/?p=1052570"},"modified":"2025-04-22T15:35:22","modified_gmt":"2025-04-22T19:35:22","slug":"%f0%9f%9a%a8trump-steers-stock-market-into-worst-performance-since-the-great-depression","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/%f0%9f%9a%a8trump-steers-stock-market-into-worst-performance-since-the-great-depression\/","title":{"rendered":"\ud83d\udea8Trump Steers Stock Market into Worst Performance Since the Great Depression"},"content":{"rendered":"\n
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After spending his campaign lying about promises to bring down costs and grow the economy, the stock market\u2019s performance under Donald Trump since Inauguration Day is \u201cnow the worst for any president\u201d<\/a> since the Great Depression. In his first few months in office, Trump has heightened inflation<\/a> expectations, slowed economic growth, and threatened his own supporters\u2019<\/a> economic security. Economists<\/a> and business leaders<\/a> are now sounding the alarm on a \u201cTrump recession\u201d<\/a> on the horizon. <\/p>\n\n\n\n

Here\u2019s a look at how Trump\u2019s reckless economic agenda is hurting Americans:<\/em><\/p>\n\n\n\n

Wall Street Journal<\/a>: \u201cThe Dow Jones Industrial Average shed almost 1,000 points on Monday and is headed for its worst April performance since 1932, according to Dow Jones Market Data. The S&P 500\u2019s performance since Inauguration Day is now the worst for any president up to this point in data going back to 1928, according to Bespoke Investment Group.<\/strong><\/p>\n\n\n\n

\u201cConcerns about the economy, along with fears about Trump\u2019s growing feud with the Fed, are weighing on the U.S. dollar. The ICE U.S. dollar index, a measure of the dollar against a basket of major currencies, slipped more than 1% on Monday to its lowest level in three years. \u2026<\/strong><\/p>\n\n\n\n

\u201cThe mood on Wall Street is darkening as a result.<\/strong> Bearishness levels\u2014or expectations that stock prices will fall\u2014among ordinary investors have hovered above 50% for eight consecutive weeks, according to a weekly survey from the American Association of Individual Investors. That is the longest-lasting bear majority on record, the investor group said, based on data going back to 1987.\u201d<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cThe global economy will slow sharply this year,<\/strong> weighed down by President Donald Trump\u2019s imposition of the highest import taxes in more than a century and the cloud of uncertainty that has billowed in their wake, the International Monetary Fund said Tuesday.<\/p>\n\n\n\n

\u201cGlobal growth will downshift to an annual rate of 2.8 percent, half a percentage point lower than projected in January and a \u2018significant slowdown,\u2019 the fund said. Only a tepid rebound to 3 percent growth is likely in 2026, leaving the world economy expanding for the next two years well below its long-run average of 3.7 percent, according to the fund. Progress on bringing inflation under control also will be hurt.<\/strong><\/p>\n\n\n\n

But the slowdown will be particularly sharp for the U.S. economy, which will grow this year at an annual rate of 1.8 percent, one-third lower than its January estimate and a full percentage point below last year\u2019s mark, the fund said.\u201d<\/strong><\/p>\n\n\n\n

CNBC<\/a>: \u201cGoldman Sachs CEO David Solomon: The level of uncertainty is too high and not productive\u201d <\/strong><\/p>\n\n\n\n

Financial Times<\/a>: \u201cTrump tariff talk roils US oil industry in bedrock Republican territory\u201d<\/strong><\/p>\n\n\n\n

\u201cDonald Trump\u2019s global trade war is threatening a corner of America that voted in droves for the Republican president last year: oil-producing North Dakota. \u2026<\/strong><\/p>\n\n\n\n

\u201cTrump\u2019s tariff rhetoric triggered an oil price sell-off, with US prices plunging below $60 a barrel (West Texas crude settled at $63.08 a barrel on Monday). The escalation raised concerns across the US shale patch, some of the reddest parts of America, about an impending slowdown.\u201d<\/p>\n\n\n\n

Wall Street Journal<\/a>: \u201cU.S. Faces Recession This Year, IIF Says\u201d<\/strong><\/p>\n\n\n\n

\u201cThe global finance industry is braced for a recession before the year is out.<\/strong><\/p>\n\n\n\n

\u201cThe U.S. economy is likely to shrink by an annualized 0.8% in the third quarter, and 0.3% in the last three months of 2025, according to a note Monday from the Institute of International Finance. \u2026<\/p>\n\n\n\n

\u201cTariffs could help lift inflation, as measured by annual core PCE, toward 4.6% by year-end. <\/strong>The gauge, which is favored by the Federal Reserve, was running at at 2.8% as of February.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

After spending his campaign lying about promises to bring down costs and grow the economy, the stock market\u2019s performance under Donald Trump since Inauguration Day is \u201cnow the worst for any president\u201d since the Great Depression. In his first few months in office, Trump has heightened inflation expectations, slowed economic growth, and threatened his own […]<\/p>\n","protected":false},"author":292,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1052570","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\n\ud83d\udea8Trump Steers Stock Market into Worst Performance Since the Great Depression - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/\ud83d\udea8trump-steers-stock-market-into-worst-performance-since-the-great-depression\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-22T19:35:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-22T19:35:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?w=1024\" \/>\n<meta name=\"author\" content=\"Adrianna Tomasello\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adrianna Tomasello\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/%f0%9f%9a%a8trump-steers-stock-market-into-worst-performance-since-the-great-depression\/\",\"url\":\"https:\/\/democrats.org\/news\/%f0%9f%9a%a8trump-steers-stock-market-into-worst-performance-since-the-great-depression\/\",\"name\":\"\ud83d\udea8Trump Steers Stock Market into Worst Performance Since the Great Depression - 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