Fundstrat Says Trump Drove S&P 500’s 5 Best and 5 Worst Days
Updated
Updated · The Washington Post · May 18
Fundstrat Says Trump Drove S&P 500’s 5 Best and 5 Worst Days
2 articles · Updated · The Washington Post · May 18
Fundstrat found Donald Trump was the catalyst for the S&P 500’s five biggest up days and five biggest down days since his second term began.
April 3, 2025 showed the pattern starkly: the index fell 4.8% after Trump’s “Liberation Day” tariffs, then jumped 9.5% six days later when most were suspended.
The report, which tracks presidencies back to 1981, said no other White House occupant matched that sway over equity prices; under Joe Biden, none of the five best or worst days were tied to a presidential announcement.
The column argues that Trump-driven swings add noise rather than reflecting business fundamentals, potentially hurting long-term investors even if Wall Street has started reacting less often than in 2025.
As Gulf nations face budget strains, could a pullback of their capital threaten America's AI and tech dominance?
Is the 'TACO trade' a sustainable strategy, or does it risk enabling more extreme geopolitical gambles by policymakers?