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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Third Rate Congressman Thomas Massie, of the Great Commonwealth of Kentucky, a phenomenal State that I won all three times (by a lot!), keeps talking about how he is going to protect the Constitution, but he is actually very bad for the Constitution, and will probably vote against “THE GREAT, BIG, BEAUTIFUL BILL,” that grants the Biggest Tax Cuts in History, secures our Southern Border from Criminal Invasion, funds the Golden Dome, our Great Military and Veterans, protects our Second Amendment, grants NO TAX ON TIPS, NO TAX ON OVERTIME, and NO TAX ON SOCIAL SECURITY (for our Great Seniors!), and so much more. He is against all of the above, and many other incredible things. Why would anyone want to vote for a so-called “Congressman,” a RINO, at best, who wants to raise your Taxes by 68%, which is what will happen if, “THE GREAT, BIG, BEAUTIFUL BILL” doesn’t pass. He votes, “NO!” on everything, because he thinks it makes him cool, but he’s not cool, he’s a LOSER!”
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 post criticizes Congressman Thomas Massie for opposing a bill that includes significant tax cuts and funding for defense, which could influence investor sentiment towards defense stocks like General Dynamics, Lockheed Martin, and Northrop Grumman Corp. If the bill is perceived as beneficial for the defense sector, positive sentiment could boost these stocks and related ETFs such as the iShares U.S. Aerospace & Defense ETF. Conversely, uncertainty or opposition to the bill might lead to volatility in these stocks and the Financial Select Sector SPDR Fund.
Here are some of the stocks that might be affected:
General Dynamics ((GD)),
Lockheed Martin ((LMT)),
Northrop Grumman Corp. ((NOC)),
Financial Select Sector SPDR Fund ((XLF)),
iShares U.S. Aerospace & Defense ETF ((ITA)).