{"id":136,"date":"2025-04-10T11:52:18","date_gmt":"2025-04-10T11:52:18","guid":{"rendered":"http:\/\/www.soapandseife.com\/?p=136"},"modified":"2025-04-12T23:26:33","modified_gmt":"2025-04-12T23:26:33","slug":"trumps-buy-tip-on-social-media-before-his-tariffs-pause-made-money-for-investors-who-listened","status":"publish","type":"post","link":"http:\/\/www.soapandseife.com\/index.php\/2025\/04\/10\/trumps-buy-tip-on-social-media-before-his-tariffs-pause-made-money-for-investors-who-listened\/","title":{"rendered":"Trump\u2019s \u2018buy\u2019 tip on social media before his tariffs pause made money for investors who listened"},"content":{"rendered":"<p><strong>By BERNARD CONDON, AP Business Writer<\/strong><\/p>\n<p>NEW YORK (AP) \u2014 When Donald Trump offered some financial advice Wednesday morning, stocks were wavering between gains and losses.<\/p>\n<p>But that was about to change.<\/p>\n<p><a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114308272725981913\">\u201cTHIS IS A GREAT TIME TO BUY!!! DJT,\u201d<\/a>\u00a0he wrote on his social media platform Truth Social at 9:37 a.m.<\/p>\n<p>Less than four hours later, Trump announced a 90-day pause on nearly all his tariffs. Stocks soared on the news, closing up 9.5% by the end of trading. The market, measured by the S&amp;P 500, gained back about $4 trillion, or 70%, of the value it had lost over the previous four trading days.<\/p>\n<p>It was a prescient call by the president. Maybe too prescient.<\/p>\n<figure id=\"attachment_7051695\" class=\"wp-caption alignnone size-article_inline\"><img class=\" lazyautosizes lazyload\" src=\"http:\/\/www.soapandseife.com\/wp-content\/uploads\/2025\/04\/Financial_Markets_Wall_Street_07037.jpg\" alt=\"President Donald Trump is displayed on a television\" width=\"8640\" data-sizes=\"auto\" data-src=\"http:\/\/www.soapandseife.com\/wp-content\/uploads\/2025\/04\/Financial_Markets_Wall_Street_07037.jpg\" data-attachment-id=\"7051695\" data-srcset=\"http:\/\/www.soapandseife.com\/wp-content\/uploads\/2025\/04\/Financial_Markets_Wall_Street_07037.jpg 620w,https:\/\/www.denverpost.com\/wp-content\/uploads\/2025\/04\/Financial_Markets_Wall_Street_07037.jpg?fit=780%2C9999px&amp;ssl=1 780w,https:\/\/www.denverpost.com\/wp-content\/uploads\/2025\/04\/Financial_Markets_Wall_Street_07037.jpg?fit=810%2C9999px&amp;ssl=1 810w,https:\/\/www.denverpost.com\/wp-content\/uploads\/2025\/04\/Financial_Markets_Wall_Street_07037.jpg?fit=1280%2C9999px&amp;ssl=1 1280w,https:\/\/www.denverpost.com\/wp-content\/uploads\/2025\/04\/Financial_Markets_Wall_Street_07037.jpg?fit=1860%2C9999px&amp;ssl=1 1860w\" \/><figcaption class=\"wp-caption-text\">President Donald Trump is displayed on a television on the floor at the New York Stock Exchange in New York, Wednesday, April 9, 2025. (AP Photo\/Seth Wenig)<\/figcaption><\/figure>\n<p>\u201cHe\u2019s loving this, this control over markets, but he better be careful,\u201d said Trump critic and former White House ethics lawyer, Richard Painter, noting that securities law prohibits trading on insider information or helping others do so. \u201cThe people who bought when they saw that post made a lot of money.\u201d<\/p>\n<h4 class=\"mb-0 pb-2 ap-font-bold\">Calls for an investigation<\/h4>\n<p>Democratic senators are calling for investigation.<\/p>\n<p>\u201cDid anyone buy or sell stocks, and profit at the public\u2019s expense?,\u201d said Democratic Sen. Adam Schiff in a post on the platform BlueSky. Added Democratic Sen. Chris Murphy of Connecticut on X, \u201cAn insider trading scandal is brewing.\u201d<\/p>\n<aside class=\"related left\">\n<h2 class=\"widget-title\" data-curated-ids=\"\" data-relation-type=\"automatic-primary-section\">Related Articles<\/h2>\n<ul>\n<li>\n<p>\t\t\t<a class=\"article-title\" href=\"https:\/\/www.denverpost.com\/2025\/04\/11\/immigration-churches\/\" title=\"Federal judge sides with Trump in allowing immigration enforcement in houses of worship\"><\/p>\n<p>\t\t\t\t<span class=\"dfm-title metered\"><br \/>\n\t\t\tFederal judge sides with Trump in allowing immigration enforcement in houses of worship\t\t<\/span><\/p>\n<p>\t\t\t<\/a><\/p>\n<\/li>\n<li>\n<p>\t\t\t<a class=\"article-title\" href=\"https:\/\/www.denverpost.com\/2025\/04\/11\/trump-law-firms-deal\/\" title=\"Trump reaches deals with 5 law firms, allowing them to avoid prospect of punishing executive orders\"><\/p>\n<p>\t\t\t\t<span class=\"dfm-title metered\"><br \/>\n\t\t\tTrump reaches deals with 5 law firms, allowing them to avoid prospect of punishing executive orders\t\t<\/span><\/p>\n<p>\t\t\t<\/a><\/p>\n<\/li>\n<li>\n<p>\t\t\t<a class=\"article-title\" href=\"https:\/\/www.denverpost.com\/2025\/04\/10\/supreme-court-maryland-deportation-error\/\" title=\"Supreme Court says Trump administration must facilitate return of deported Maryland man\"><\/p>\n<p>\t\t\t\t<span class=\"dfm-title metered\"><br \/>\n\t\t\tSupreme Court says Trump administration must facilitate return of deported Maryland man\t\t<\/span><\/p>\n<p>\t\t\t<\/a><\/p>\n<\/li>\n<li>\n<p>\t\t\t<a class=\"article-title\" href=\"https:\/\/www.denverpost.com\/2025\/04\/10\/trump-tariffs-higher-prices\/\" title=\"Trump\u2019s tariffs threaten to end quarter-century era of cheap goods for US consumers\"><\/p>\n<p>\t\t\t\t<span class=\"dfm-title metered\"><br \/>\n\t\t\tTrump\u2019s tariffs threaten to end quarter-century era of cheap goods for US consumers\t\t<\/span><\/p>\n<p>\t\t\t<\/a><\/p>\n<\/li>\n<li>\n<p>\t\t\t<a class=\"article-title\" href=\"https:\/\/www.denverpost.com\/2025\/04\/10\/justice-department-death-penalty-supermax-florence-killing\/\" title=\"Justice Department seeks death penalty for man who killed fellow supermax inmate in Colorado\"><\/p>\n<p>\t\t\t\t<span class=\"dfm-title metered\"><br \/>\n\t\t\tJustice Department seeks death penalty for man who killed fellow supermax inmate in Colorado\t\t<\/span><\/p>\n<p>\t\t\t<\/a><\/p>\n<\/li>\n<\/ul>\n<\/aside>\n<p>A key question is, Was Trump already contemplating the tariff pause when he made that post?<\/p>\n<p>\u201cOver the last few days, I\u2019ve been thinking about it,&#8221; said Trump himself when asked yesterday directly about when he arrived at his decision, but then added to the confusion, stating, \u201cFairly early this morning.\u201d<\/p>\n<p>Asked for clarification on the timing in an email to the White House later, a spokesperson didn&#8217;t answer directly but defended Trump&#8217;s post as part of his job.<\/p>\n<p>\u201cIt is the responsibility of the President of the United States to reassure the markets and Americans about their economic security in the face of nonstop media fearmongering,&#8221; wrote White House spokesman Kush Desai.<\/p>\n<h4 class=\"mb-0 pb-2 ap-font-bold\">Trump Media shares<\/h4>\n<p>Another curiosity of the posting was Trump&#8217;s signoff with his initials.<\/p>\n<p>DJT is also the stock symbol for Trump Media and Technology Group, the parent company of the president&#8217;s social media platform Truth Social.<\/p>\n<p>It\u2019s not clear if Trump was saying buying stocks in general, or Trump Media in particular. The White House was asked, but didn\u2019t address that either. Trump includes \u201cDJT\u201d on his posts intermittently, typically to emphasize that he has personally written the message.<\/p>\n<p>The ambiguity about what Trump meant didn&#8217;t stop people from pouring money into that stock.<\/p>\n<p>Trump Media closed up 22.67%, soaring twice as much as the broader market, a stunning performance by a company that lost\u00a0<a href=\"https:\/\/apnews.com\/article\/trump-media-truth-social-losses-c879294edc8d0297446a3a2f5499b8e3\">$400 million last year<\/a>\u00a0and is seemingly unaffected by whether tariffs would be imposed or paused.<\/p>\n<p>Trump\u2019s 53% ownership stake in the company, now in a trust controlled by his oldest son, Donald Trump Jr., rose by $415 million on the day.<\/p>\n<p>Trump Media was bested, albeit by only two-hundreds of a percentage point, by another Trump administration stock pick \u2014 Elon Musk&#8217;s Tesla.<\/p>\n<p>Last month, Trump held an\u00a0<a href=\"https:\/\/apnews.com\/article\/tesla-stock-musk-trump-evs-sales-b3118cbab69fbfaa3abcceb059ba8c58\">extraordinary news conference<\/a>\u00a0outside the White House praising the company and its cars. That was followed by a\u00a0<a href=\"https:\/\/apnews.com\/article\/musk-trump-tesla-stock-lutnick-commerce-secretary-ethics-5a89c2f4a68a9470692630b5c56cffd6\">Fox TV appearance<\/a>\u00a0by his commerce secretary urging viewers to buy the stock.<\/p>\n<p>Tesla&#8217;s surge Wednesday added $20 billion to Musk\u2019s fortunes.<\/p>\n<p>Kathleen Clark, a government ethics law expert at Washington University School of Law, says Trump&#8217;s post in other administrations would have been investigated, but is not likely to trigger any reaction, save for maybe more Truth Social viewers.<\/p>\n<p>\u201cHe&#8217;s sending the message that he can effectively and with impunity manipulate the market,\u201d she said, \u201cAs in: Watch this space for future stock tips.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By BERNARD CONDON, AP Business Writer NEW YORK (AP) \u2014 When Donald Trump offered some financial advice Wednesday morning, stocks were wavering between gains and losses. But that was about to change. \u201cTHIS IS A GREAT TIME TO BUY!!! DJT,\u201d\u00a0he wrote on his social media platform Truth Social at 9:37 a.m. Less than four hours&hellip;<\/p>\n","protected":false},"author":1,"featured_media":138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/posts\/136"}],"collection":[{"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/comments?post=136"}],"version-history":[{"count":2,"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/posts\/136\/revisions"}],"predecessor-version":[{"id":139,"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/posts\/136\/revisions\/139"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/media\/138"}],"wp:attachment":[{"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/media?parent=136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/categories?post=136"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/tags?post=136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}