Are White House insiders using Trump's tariff announcements to play the stock market? It's not that easy [Los Angeles Times (CA)]
Paramount Global - Class A (PARAA)
Company Research
Source: Los Angeles Times
about whether Donald Trump and White House insiders have been manipulating the stock market with his vacillating announcements about tariffs and the economy. Speculation along those lines broke into the open Tuesday when Fox News reporter Peter Doocy referred to the overall slide in the stock market since President Trump's inauguration and asked White House spokeswoman Karoline Leavitt, “You're sure nobody here at the White House shorted the Dow?” (Doocy meant betting on a drop in the Dow Jones industrial average, which fell by more than 4.7% from the last trading day before the inauguration through Tuesday's close.) Leavitt laughed off his question. “No,” she said. “I don't think so.” To be fair, there have been no indications of any such trading by Trump or his acolytes. In fact, I think it's unlikely, and even impractical that such activity would occur. Still, the speculation is unsurprising. It may owe more to public doubts about Trump's integrity than about any facts
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