Trump "manipulates" the U.S. stock market: gains and losses depend entirely on policies, the strongest market influence in 40 years

BlockBeats News, April 24 — After Trump returned to the White House, the market impact reached unprecedented levels. Fundstrat data shows that since January 2025, the five biggest up days and five biggest down days in the U.S. stock market have been directly driven by his policies, marking the first time in nearly 40 years that a single president has “dominated” extreme market volatility.

Structurally, the gains mainly come from technical rebounds after policy shocks: excluding the five strongest up days, the S&P 500 has shifted from an 18.5% increase since taking office to a 2.7% decline. The declines are highly concentrated around tariff policy shocks.

Analysis indicates that Trump frequently adjusts his policy stance (escalate—de-escalate—repeat), combined with real-time signals released via social media, causing traders to shift toward “predicting presidential intentions” for trading, significantly weakening traditional macro frameworks.

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