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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“I am hearing that Highly Respected MAGA Warrior, Cody Simpson, is considering launching his Campaign for Commissioner of Agriculture in the wonderful State of South Carolina, which I won in 2016, 2020, and 2024, with the Highest Vote in South Carolina History!
Cody is a Fifth Generation Farmer, and Former Agriculture Advisor and Chief Executive Assistant to GREAT Governor Henry McMaster. As South Carolina State Executive Director of the USDA Farm Service Agency in my Administration, he has continued to serve the Palmetto State with distinction, delivering outstanding results. A true America First Patriot, who has been with us from the very beginning, Cody is an incredibly effective Voice for South Carolina Agriculture, and our amazing Farmers and Ranchers. As your next Agriculture Commissioner, Cody would work tirelessly to Grow our Economy, Cut Taxes and Regulations, Promote MADE IN THE U.S.A., Champion American Energy DOMINANCE, Keep our Border SECURE, Stop Migrant Crime, Murderers, and other Criminals from illegally entering our Country, Ensure LAW AND ORDER, Support our Military/Veterans, and Defend our always under siege Second Amendment.
Should he decide to enter this Race, Cody Simpson has my Complete and Total Endorsement. RUN, CODY, RUN!”
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 strong endorsement of pro-agriculture, pro-energy, and pro-deregulation policies via Cody Simpson could marginally boost sentiment toward agricultural and farm-equipment names like ADM, MOS, and DE, which might be seen as benefiting from a friendlier regulatory and subsidy environment. His emphasis on “American Energy DOMINANCE” and border security could similarly support investor optimism in energy and equipment plays such as XOM, CVX, CAT, and sector ETFs like XLE and XLI, on expectations of continued fossil-fuel production and infrastructure spending. However, the impact is likely to be modest and short-term, as this is a state-level potential candidacy and broader macroeconomic factors will remain the dominant drivers for ADM, CAT, CVX, DE, XOM, MOS, XLI, XLE, and XME.
Here are some of the stocks that might be affected:
Archer-Daniels-Midland Company ((ADM)),
Caterpillar ((CAT)),
Chevron ((CVX)),
Deere & Company ((DE)),
Exxon Mobil Corp. ((XOM)),
Mosaic Co ((MOS)),
Industrial Select Sector SPDR Fund ((XLI)),
Energy Select Sector SPDR Fund ((XLE)),
SPDR S&P Metals & Mining ETF ((XME)).