Despite Donald Trump DOW's frantic desire to reach 30,000 before the 2020 presidential election, he does not consider financial markets to be a "legitimate" place to invest your money.
At the beginning of his term, he was urging to avoid Wall Street. However, even then he revealed his problem with interest rates and the monetary policy of the Federal Reserve. Trump's big problem then was the low interest rates that shaped the environment, where markets jumped 227% from the bottom in 2009. But even then, he was in serious contradiction with himself and his attitudes toward Wall Street.
"If interest rates start to rise, there will be something scary and ugly that you won't like at all," he told Fox News. "It's all a big bubble!" And not long after, worries began to plague markets that this bubble would burst when the Fed began to raise interest rates. Well, the bubble didn't burst. And now we are at a time when the Fed has cut interest rates several times, against the backdrop of Trump trumpeting that Powell is even late in easing the cycle.
Although Trump does not consider himself a market-believer and serious-minded, he has traded several times on the stock market for "diversity," as he told Fox.
His rhetoric for the Fed is now zero. Perhaps Powell has cut interest rates enough to avoid the bubble burst as markets make new historic highs. That's why Trump has been hurrying so much and putting a lot of pressure on the Federal Reserve.
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