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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Could somebody please inform Jerome “Too Late” Powell that he is hurting the Housing Industry, very badly? People can’t get a Mortgage because of him. There is no Inflation, and every sign is pointing to a major Rate Cut. “Too Late” is a disaster!”
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 criticizing Jerome Powell for allegedly harming the housing industry by keeping interest rates high could lead to increased volatility in the stock market. Companies like Lennar Corporation and Zillow Group Inc Class C, which are directly tied to the housing market, may experience stock price fluctuations due to investor concerns about mortgage accessibility and housing demand. Additionally, financial and real estate ETFs such as the Financial Select Sector SPDR Fund, Vanguard Financials ETF, Vanguard Real Estate ETF, iShares U.S. Real Estate ETF, and Real Estate Select Sector SPDR Fund could see shifts in investor sentiment as they react to potential changes in interest rate policies.
Here are some of the stocks that might be affected:
Lennar Corporation ((LEN)),
Zillow Group Inc Class C ((Z)),
Financial Select Sector SPDR Fund ((XLF)),
Vanguard Financials ETF ((VFH)),
Vanguard Real Estate ETF ((VNQ)),
iShares U.S. Real Estate ETF ((IYR)),
Real Estate Select Sector SPDR Fund ((XLRE)).