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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Merry Christmas to all, including the many Sleazebags who loved Jeffrey Epstein, gave him bundles of money, went to his Island, attended his parties, and thought he was the greatest guy on earth, only to “drop him like a dog” when things got too HOT, falsely claimed they had nothing to do with him, didn’t know him, said he was a disgusting person, and then blame, of course, President Donald J. Trump, who was actually the only one who did drop Epstein, and long before it became fashionable to do so. When their names get brought out in the ongoing Radical Left Witch Hunt (plus one lowlife “Republican,” Massie!), and it is revealed that they are Democrats all, there will be a lot of explaining to do, much like there was when it was made public that the Russia, Russia, Russia Hoax was a fictitious story – a total Scam – and had nothing to do with “TRUMP.” The Failing New York Times, among many others, was forced to apologize for their bad and faulty Election “Reporting,” even to the point of losing many subscribers due to their highly inaccurate (FAKE!) coverage. Now the same losers are at it again, only this time so many of their friends, mostly innocent, will be badly hurt and reputationally tarnished. But sadly, that’s the way it is in the World of Corrupt Democrat Politics!!! Enjoy what may be your last Merry Christmas! President Donald J. Trump”
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 attack on The New York Times could add short‑term headline risk and modest downside pressure to NYT stock by reviving negative sentiment among his supporters, though fundamentals are unlikely to change. News Corp (NWSA), whose Fox-branded outlets are often favored by Trump’s base, might see a small relative sentiment benefit as investors speculate on audience shifts away from NYT, but any impact would likely be marginal and brief. Broad communication-services ETFs such as VOX and XLC, which are diversified across many media and telecom names, would likely experience negligible impact because this is a single-politician, company-specific controversy rather than a sector-wide fundamental shock.
Here are some of the stocks that might be affected:
The New York Times Company ((NYT)),
News Corporation Class A ((NWSA)),
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Sector SPDR Fund ((XLC)).