Trump Says the Market Is Going to "Go Through the Roof." His Iran Escalation and New Tariffs Suggest Otherwise.
The president isn't helping ensure his prediction about the stock market comes true.
Overview
President Donald Trump recently provided a ringing endorsement for Wall Street -- literally. The president rang in the opening bells for both the New York Stock Exchange (NYSE) and the Nasdaq (NASDAQ: NDAQ) Stock Exchange on July 6, 2026, from the Oval Office. He proclaimed, "We have a hot country. I think the market is going to go through the roof."
While Trump exuded optimism, the S&P 500 (SNPINDEX: ^GSPC) has slipped since his remarks. Perhaps the stock market will eventually "go through the roof," but the president's escalation of the Iran war and new tariffs suggest otherwise.
Image source: Official White House photo by Daniel Torok.
Details
Source
Originally published at www.fool.com.