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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“THE TRUMP KENNEDY CENTER HONORS will be broadcast tonight, on CBS, and Stream on Paramount+. Tune in at 8 P.M. EST! At the request of the Board, and just about everybody else in America, I am hosting the event. Tell me what you think of my “Master of Ceremony” abilities. If really good, would you like me to leave the Presidency in order to make “hosting” a full time job? We will be honoring true GREATS in the History of Entertainment: Sylvester Stallone, Michael Crawford, KISS, George Strait, and Gloria Gaynor.”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Trump’s promotion of the Kennedy Center Honors broadcast on CBS and Paramount+ could briefly boost investor sentiment toward media and entertainment names within the communication services sector, especially if ratings data later shows stronger-than-expected viewership. Any impact on Vanguard Communication Services ETF (VOX) and Communication Services Select Sector SPDR Fund (XLC) would likely be marginal and short-lived, as these broad ETFs are driven more by large-cap tech and media fundamentals than by a single televised event. However, if the broadcast significantly enhances engagement or subscription trends reported by companies like Paramount, it could modestly support sector sentiment and, by extension, the ETFs’ performance at the margin.
Here are some of the stocks that might be affected:
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Sector SPDR Fund ((XLC)).