White House Distances Trump from Historic Market Crash

Investing.com – President Donald Trump has cheered the booming stock market performance on Twitter since his election win, often bragging about the latest all-time highs, but the sudden plunge in markets since Friday has put the president in a tight spot.
Trump hasn’t just claimed that stocks are up because of him, he even argued that they would have crashed if Hillary Clinton had been elected president.
Monday’s stock plunge was the worst in six and a half years, with the plunging 1,175 points by the close, the biggest one-day point drop in the stock index’s history. The erased its gains for the year and closed down 4.1%.
After Monday’s market close, the White House tried to distance Trump from the market crash, saying the president is focused on the country’s “long-term economic fundamentals, which remain exceptionally strong.”

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