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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Prices are “WAY DOWN” in the USA, with virtually no inflation. With the exception of ridiculous, corrupt politician approved “Windmills,” which are killing every State and Country that uses them, Energy prices are falling,“big time.” Gasoline is at many year lows. All of this despite magnificent Tariffs, which are bringing in Trillions of Dollars from Countries that took total advantage of us, for decades, and are making America STRONG and RESPECTED 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 on falling energy prices and low inflation could lead to increased investor confidence in the energy sector, potentially boosting stock prices for companies like BP plc., Chevron, and Exxon Mobil Corp. However, his criticism of wind energy might negatively impact renewable energy investments, affecting funds like the Energy Select Sector SPDR Fund, which includes a mix of traditional and renewable energy stocks. Overall, the market could see volatility as investors weigh the implications of tariffs and energy price trends on these stocks and ETFs.
Here are some of the stocks that might be affected:
BP plc. ((BP)),
Chevron ((CVX)),
Exxon Mobil Corp. ((XOM)),
Energy Select Sector SPDR Fund ((XLE)),
VanEck Oil Services ETF ((OIH)),
Vanguard Energy ETF ((VDE)).