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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“RT @rapidresponse47 Treasury Secretary Scott Bessent: “It’s going to be through growth… In the first two quarters, we are going to see the inflation curve bend down and the real income curve substantially accelerate — and when those two lines cross, Americans are going to feel it.””
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Treasury Secretary Scott Bessent’s statement about the anticipated decrease in inflation and increase in real income could positively impact the stock market, particularly benefiting financial companies. Mastercard Inc, Visa Inc., and PayPal Holdings, Inc. might see increased consumer spending and transaction volumes as Americans feel more financially secure. Additionally, Financial Select Sector SPDR Fund and Vanguard Financials ETF could experience growth due to improved economic conditions and investor confidence in the financial sector.
Here are some of the stocks that might be affected:
Mastercard Inc ((MA)),
Visa Inc. ((V)),
Financial Select Sector SPDR Fund ((XLF)),
PayPal Holdings, Inc. ((PYPL)),
Vanguard Financials ETF ((VFH)).