Trump’s Bold Claims: Potential Impact on Media and Financial Stocks

President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:

“The Creeps at the Failing New York Times are at it again. I won the 2024 Presidential Election in a Landslide, winning all Seven Swing States, the Popular Vote, and the Electoral College by a lot. I won our Nation’s Districts by 2750 to 550, a complete wipeout. I settled 8 Wars, have 48 New Stock Market Highs, our Economy is Great, and our Country is RESPECTED AGAIN all over the World, respected like never before. The last Administration had the Highest Inflation in history – I have already brought that down to normal, and prices, including groceries, are coming down. To do this requires a lot of Work and Energy, and I have never worked so hard in my life. Yet despite all of this the Radical Left Lunatics in the soon to fold New York Times did a hit piece on me that I am perhaps losing my Energy, despite facts that show the exact opposite. They know this is wrong, as is almost every thing that they write about me, including election results, ALL PURPOSELY NEGATIVE. This cheap “RAG” is truly an “ENEMY OF THE PEOPLE.” The writer of the story, Katie Rogers, who is assigned to write only bad things about me, is a third rate reporter who is ugly, both inside and out. Despite all of this, I have my highest Poll Numbers, ever, and with record setting investment being made in America, they should only go up. There will be a day when I run low on Energy, it happens to everyone, but with a PERFECT PHYSICAL EXAM AND A COMPREHENSIVE COGNITIVE TEST (“That was aced”) JUST RECENTLY TAKEN, it certainly is not now! GOD BLESS AMERICA & MAKE AMERICA GREAT AGAIN!!!”

How Will Trump’s Statement Affect the Stock Market?

This latest post has the potential to affect the stock market. That’s because Donald Trump’s statement could lead to increased volatility in the stock market, particularly affecting The New York Times Company (NYT) due to his negative comments, which might result in a temporary dip in its stock price. Conversely, media companies like News Corporation (NWSA) might see a boost if investors perceive them as more favorable alternatives. The broader financial and communication services sectors, represented by ETFs like Financial Select Sector SPDR Fund (XLF), Vanguard Financials ETF (VFH), Vanguard Communication Services ETF (VOX), and Communication Services Select Sector SPDR Fund (XLC), may experience fluctuations as investors react to potential changes in media consumption and economic sentiment driven by Trump’s claims about economic performance.

Here are some of the stocks that might be affected:
The New York Times Company ((NYT)),
News Corporation Class A ((NWSA)),
Financial Select Sector SPDR Fund ((XLF)),
Vanguard Financials ETF ((VFH)),
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Sector SPDR Fund ((XLC)).