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Trumps buy tip on social media before his tariffs pause made money for investors who listened [Video]

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Canadian Economy and Markets

When Donald Trump offered some financial advice Wednesday morning, stocks were wavering between gains and losses.

But that was about to change.

“THIS IS A GREAT TIME TO BUY!!! DJT,” he wrote on his social media platform Truth Social at 9:37 a.m.

Less than four hours later, Trump announced a 90-day pause on nearly all his tariffs. Stocks soared on the news, closing up 9.5 per cent by the end of trading. The market, measured by the S&P 500, gained back about US$4-trillion, or 70 per cent, of the value it had lost over the previous four trading days.

It was a prescient call by the president. Maybe too prescient.

In a stunning reversal, U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending global stocks rocketing higher.

Reuters

“He’s loving this, this control over markets, but he better …

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