Trump’s Indiana Endorsement Signals Pro-Energy, Pro-Industry Stance but Market Impact Likely Limited

President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:

“RT @realDonaldTrump It is my Great Honor to endorse America First Patriot, Jeff Ellington, a terrific Candidate for Indiana’s 39th State Senate District (which I won by a whopping 55 points!). Jeff will be a fantastic replacement for RINO Eric Bassler, who may not even run again because Republicans are so angry with him over his betrayal he committed when he, for whatever reason, voted against Redistricting in Indiana, which essentially made him a partner to the Radical Left Democrats in their quest to take control of the United States House of Representatives, and reverse the great progress we have made in the last year. Bassler and his RINO friends made Indiana, a State I love that is full of Patriots who love America, the only State in the Nation that would rather turn over our Country to Democrats than fight back against their corruption, and finish the job we started over 10 years ago. We could have easily picked up two seats in Indiana, but Bassler, an America Last politician, was played for a fool by the Democrats who want to destroy our Country.

Now, because Bassler looks to be getting “run out of town” by his Voters, Indiana’s Chief RINO Rod Bray has recruited a new “pawn” in his game named Kristi Risk to run for this seat. She, like Bassler and Bray, was nowhere to be found for Republicans during Redistricting, which means she will never be there for you when the going gets tough. She said there were “more important things” than keeping the House Majority, and protecting the progress we have made over the last year to, MAKE AMERICA GREAT AGAIN. No smart, reliable Republican would ever say such a thing because they would never even think it. For that reason, and more, she cannot be trusted any more than the Failed and Weak “Senator” Bassler.

Jeff Ellington, on the other hand, is a Successful Businessman, Retired Firefighter, Horse Farmer, Greene County GOP Chairman, and former State Representative, who has dedicated his life to serving his Community. As your next State Senator, Jeff will work tirelessly to Protect “Hoosier” Values, Champion our Amazing Farmers and Ranchers, Grow our Economy, Cut Taxes and Regulations, Promote MADE IN THE U.S.A., Advance American Energy DOMINANCE, Support our Brave Military, Veterans, and Law Enforcement, Safeguard our Elections, and Protect our always under siege Second Amendment.

Jeff Ellington has my Complete and Total Endorsement to be the next State Senator from Indiana’s 39th Senate District. Unlike Eric Bassler or Kristi Risk, JEFF ELLINGTON WILL NEVER LET YOU DOWN!”

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 endorsement emphasizes pro-energy and pro-agriculture themes (e.g., “American Energy DOMINANCE,” support for farmers and ranchers, and cutting regulations), which could be modestly supportive for energy majors like Chevron (CVX) and Exxon Mobil (XOM) and for equipment maker Deere (DE) if investors view it as indicative of continued GOP momentum in energy and rural policy. Broader industrial and energy sector ETFs—such as Vanguard Industrials ETF (VIS), Industrial Select Sector SPDR (XLI), iShares U.S. Industrials (IYJ), Energy Select Sector SPDR (XLE), Vanguard Energy (VDE), and VanEck Oil Services (OIH)—could see slight sentiment-driven tailwinds from perceived policy alignment with deregulation and fossil-fuel support, though the impact from a single state-level endorsement is likely minimal. Overall, any market reaction would be marginal and short-lived, as investors typically weigh national policy signals and macroeconomic data far more heavily than individual state legislative races when pricing these securities.

Here are some of the stocks that might be affected:
Chevron ((CVX)),
Deere & Company ((DE)),
Exxon Mobil Corp. ((XOM)),
Vanguard Industrials ETF ((VIS)),
Industrial Select Sector SPDR Fund ((XLI)),
Energy Select Sector SPDR Fund ((XLE)),
VanEck Oil Services ETF ((OIH)),
Vanguard Energy ETF ((VDE)),
iShares U.S. Industrials ETF ((IYJ)).