Global stocks fell on Monday following the jobs report that came out on Friday, highlighting fears of a U.S. recession.
Late on Sunday night, the Orange Ass appeared to gloat over the news as global markets tumbled, especially across Asia and Europe. In Japan, the Nikkei 225 index fell 12.4 percent, and the Topix index fell 12.2 percent.
Stock markets have been rising since 2023 under strong economic data, as employment levels have continually surpassed expectations in the face of the Federal Reserve interest rate hikes meant to slow the economy.
During Trump’s term, he tried to tie market success to himself. Under Biden’s term, he has also tried the same tactic.
Earlier this year, he said the market was doing well “because they think I’m going to be elected,” while his polls against Biden were “so good.”
