White house on Monday diminished weeks Stock saleinsisting that recent moves Business leaders to propose a lighter look for American economy.
“We see a strong difference between the ghosts of animals on the stock market and what we actually see how they take place from businesses and business leaders,” a white house officer told reporters on Monday afternoon.
“The latter is obviously more meaningful than the first in what is a medium -term economy to the long -term economy,” said an official, to whom anonymity was approved.
In economics, expression “Animal spirits“It is used to describe situations in which human emotions, not pure logic, dictate investors’ decisions.
The White House seems to have used an expression to suggest that the sale was guided by irrational fears and negativity.
AND Dow Jones industrial average dropped nearly 900 points on Monday and Nasdaq seized his worst session since 2022, while S & P 500 lost 2.7%.
AND Dusal Trading Day prolonged and reinforced a sold out That has now entered its third week.
But experts have pointed out several factors that drive investors to shed stocks, the main among them, a huge 25% of imports from imports from Mexico and Canada. President Donald Trump They imposed and then stopped these tariffs last month, only to re -inserted them last week and partially stop them.
Connecting uncertainty about Trump’s trade policy are mass release of thousands of federal employees, and an effort supervised by a billionaire Trump advisor Elon musk.
The result was a sudden turnaround of aggressive optimism and high -risk tolerance that helped achieve huge market gains late last year.
“You must have seen some of the ghosts of animals that have encouraged the rally on the stock market in the autumn fading,” said Scott Lincicome, Vice President of the General Economy and Trade at the Cato Libertarian Institute.
“People are now looking at risk deficiencies more, at potential higher prices, as well as all uncertainty,” Lincicome said in a recent interview with CNBC.
“And that, I think, can be directly followed by the president.”
Trump, for his part, has largely stopped directing the financial markets as barometers of the economic health of the nation, which he regularly worked during his first term of office.
Instead, in the coming years, the White House said a number of recent business leaders’ obligations to invest hundreds of billions of dollars in the US.
Some of the greatest such promises came from Applewho announced an investment plan in the amount of $ 500 billion, Softbank,, Tsmc,, And Eli Lilly.
In a separate statement on Monday afternoon, a spokesman for the Kush Desai White House said these leaders in the industry responded to Trump’s victory and enthusiasm for his economic plan.
“In his first term, President Trump has delivered a historic job, a salary and growth of investment, and he should have done so in his second term,” Desai said.
