President Trump declared this week that stocks are at record highs and crypto is “through the roof,” reinforcing his campaign narrative with numbers that fuel market optimism.
Trump strikes a confident tone
In a Truth Social post, Trump wrote in all caps:
“Tech Stocks, Industrial Stocks & NASDAQ, HIT ALL-TIME RECORD HIGHS! CRYPTO, ‘Through the Roof!’”
He also highlighted the surge in NVIDIA, up 47% since he introduced new tariffs.
Trump claimed the U.S. is “BACK”, collecting “Hundreds of Billions in Tariffs,” while urging the Federal Reserve to slash rates, arguing that strong growth and tame inflation justify it.
Markets and crypto hit fresh peaks
Data backs up part of Trump’s excitement.
- The Dow Jones climbed about 0.4%, adding 200 points.
- The S&P 500 and Nasdaq broke to new all-time highs.
- On the crypto side, Bitcoin reached $113,000, setting a new record, with Ethereum and other altcoins rallying alongside.
A 50% tariff and political risk
Despite the upbeat rhetoric, clouds remain. Trump recently hiked tariffs on Brazilian imports and copper to 50%, but so far, markets have brushed it off, betting that parts of the measures might be delayed or watered down.
Most economists still see the Fed holding rates steady until at least September, despite Trump’s loud calls for immediate cuts.
What comes next?
Trump is doubling down on his image as the driver of economic recovery, appealing to investors and painting a picture of broad prosperity. But with markets heavily reliant on big tech, any shock to risk appetite or fresh geopolitical strain could flip the script fast.
Is the strength in stocks and crypto true confidence or just market euphoria? The next few months should tell.
