3 Times Donald Trump Moved the Market This Month — The Motley Fool – Donald Trump Sucks

3 Times Donald Trump Moved the Market This Month — The Motley Fool – Donald Trump Sucks

Donald Trump’s not shy when it comes to sharing his opinion, and his straight-to-the-point approach has caused investors to whipsaw in and out of sectors, industries, and stocks since his election last November. Most recently, his comments about the dollar, and uncertainty regarding trade-deals and infrastructure plans, have taken a big toll on the U.S. dollar; banks; and steel, copper, and iron ore stocks.

Dumping the dollar?

Anders Bylund (dollar exchange policy): U.S. presidents tend to avoid talking about the dollar’s exchange rates, and they very rarely take a direct hand in setting international policy for this key financial data point. If forced to post direct commentary on the direction of the dollar, most Oval Office residents have preferred to stick with the mantra that a strong dollar equals a strong economy.

IMAGE SOURCE: GETTY IMAGES.

Donald Trump broke rank with these traditions last week, and his words immediately pushed dollar values lower.

In an interview with The Wall Street Journal, Trump said, “our dollar is getting too strong, and partially that’s my fault because people have confidence in me. But that’s hurting — that will hurt ultimately.”

Looking past Trump’s tendency to pat his own back for a global economic trend that started way back in 2014, it’s true that a strong dollar can limit American export sales. Rising exchange rates can also push down oil prices in the long run, make gold a less-attractive value preserver, and change the game for many other investable markets.

We’ll see how long Trump will stick to his…

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