Trump reveled over yesterdays 7% market gain: "Nobody's ever heard of it. It's gonna be a record."
Trump wants to play market hero. But the economic damage is done
https://www.cnn.com/2025/04/09/business/trump-stocks-bond-market-nightcap/index.html
“I guess they say it was the biggest day in financial history,” President Donald Trump told reporters Wednesday afternoon. Later, in an apparent hot-mic moment, he told a fawning senator that the market was up almost seven percentage points. “Nobody’s ever heard of it. It’s gonna be a record.”
It was a historic day, indeed — the third “best” day in the S&P 500’s history. After Trump announced that he was instituting a 90-day pause on most new tariffs (minus China), the Dow added 2,900 points, or nearly 8%. The S&P 500 soared almost 9.5%, its best day since 2008, and the Nasdaq had its second-best day ever, rising more than 12%.
And it was all thanks to Trump — the guy whose extreme agenda (and contradictory messaging around it) became a noose around the neck of global financial markets that were about to enter a doom spiral.
Wall Street’s reaction to his reversal on tariffs is not a victory lap for investors — it’s a gasp for oxygen. Asset prices remain well below where they were a week ago, before Trump announced the tariffs.
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