BlockBeats news, on May 13, investors who followed Trump's advice on social media over the past month enjoyed one of the largest gains in the S&P 500 index under his leadership.
After Trump announced the 'Liberation Day' tariff measures, the benchmark U.S. stock index saw a significant drop, but in the month following his statement on April 9 that 'now is a good time to buy' (just hours after he suspended some of the most severe tariffs in a century), the index rose by 14%. On May 8, he reiterated this view, telling reporters that the economic outlook is good and it's worth buying stocks in bulk.
According to data compiled by Bloomberg, calculated on a rolling basis over 21 trading days, this is the best gain recorded by the S&P 500 index during Trump's two presidential terms, excluding the special period early in the COVID-19 pandemic (Jin Shi).