Stocks fall down due to trump catching the virus

[crwth]

What don’t I get why people would stop investing or pulling out their money within stocks in the United States just because their leader contracted the virus? I think it wouldn’t affect the outcome or efficiency of the companies that are invested upon, but yet prices still went down?

If the investors were always checking up on the leader's well-being, then I think they would have pulled out earlier or something like that. With all the news regarding Trump. Don’t you think so?

Trump's health is very fundamental to the world economy, especially for the investment world in America.

Being the leader of the united states Is definitely essential to the stock prices that are found in their territory. Because it is dependent on the government in what they impose towards their rules with companies.

[Apes]

this not suprising if US stock fall down after trump ctching the virus, many countries have experienced economic decline due to this pandemic,
trump just a triggers for the economic downturn from global pandemic effects and this should come as no surprise.
I believe that after trump recovery he will give economic impact even though the results will not be significant,
because building a global economy requires global cooperation.
 

[PonziSkeem]

What people need to understand is that every day movement in the stock market is largely governed by large institutional brokerages all looking to eke out profit from trading on minute changes in stock prices. This is what happens when assets are not widely dispersed - small shareholders like 90+% of global investors have zero control over intraday movements.

This is true of any asset - decentralisation is what is required. It's a warning cry to stakeholders in the crypto community. We must never allow crypto ownership to be centralised. My statement here is probably too late when you look at some coins. You guys know what I'm talking about.

[stompix]

Hopefully Trump and his wife get well soon, but the stock market's decline will not last long, because it will return to its original position.  

Hihi, it took exactly one weekend, shorter probably that anyone could have thought.
 
When I heard about his recovery I instantly remember this topic and checked the stock market.
Dow is at 28.148, highest in 30 days, Nasdaq is just one point below the highest in the same period, so at least the dump, if indeed it was caused by Trump illness has already been recovered and maybe the next day as Tuesday hasn't yet started will show even higher growth. ASX  who dropped 1.41 on Friday has recovered 2.54 on Monday and now again up by 0.43, so Europe and US might follow.

Ps.
Oil is up 5%.

[Alucard1]

Is it really true that Trump has COVID now? I haven't read any news about it so far, but if that is true I think there is no relation between the price of the bitcoin and the president. The presidency is much different from the movement of the price of the bitcoin.

The real news is: COVID19 is something real.
Even if you don't believe in it, even if you don't wear mask, if you get in trouble (and you are a bit older) it's a SERIOUS issue. That's all.

That is true, its a serious problem of our economy right now, our president and any government officials are prone from the virus because they are still having some meetings and they sometimes go outside just to help and to check the situation of the society.

[shoreno]

Is it really true that Trump has COVID now? I haven't read any news about it so far, but if that is true I think there is no relation between the price of the bitcoin and the president. The presidency is much different from the movement of the price of the bitcoin.

this can be true . trump is famous enough to not update his health problems because even celebs are also on the news before when they got the said virus .

 i just dont know why people connect the issue to the fall of the price of stocks  but what if there are other news aside from this that we dont know like if trump sells his stocks and btc in preparation just in case , you know    . well if that is the case then thats something has to do with the price

[Dorodha]

Trump's role is more effective in shaping the economy stock markets are shrinking as Trump seeks to protect the public from being caught in the virus and the amount of investment to keep him in a separate place is declining. But it will last longer as soon as the effects of the epidemic subside everything will return to its former place. Although Trump has been attacked he has not stopped everything he is trying to rebuild the economy in the interest of recovery.

[iamsheikhadil]

I think it's a mere co-incidence. The President gets the best of health care and hence, even if he has really caught the virus (which I think is a myth as it can be a way to gain sympathy votes), then also he will be just fine with getting best medical treatments! These stocks might not be are connected, and maybe they just fall down because of other reasons. However, the election results will surely affect and influence stock prices and markets a lot.

[Mauser]

Trump's role is more effective in shaping the economy stock markets are shrinking as Trump seeks to protect the public from being caught in the virus and the amount of investment to keep him in a separate place is declining. But it will last longer as soon as the effects of the epidemic subside everything will return to its former place. Although Trump has been attacked he has not stopped everything he is trying to rebuild the economy in the interest of recovery.

Trump is already back in the white House. Looks like the corona infection wasn't as severe as most people that. In my opinion these panic sells based on a single news events are too extreme and tend to be over selling. Stock prices are recovering already and most of the investors just paid transaction fees to sell and rebuy now. A more cautious approach to investing is key in my opinion.

[Leviathan.007]

Hearing president Trump catching corona virus was a really bad and negative fundamental new for the US stocks for this week. However the got out of the hospital without of any issue and this positive fundamental news made the stocks markets to move high again. Dow Jones rising again so we won't have any problem, currently. However, in this moment of the time, if you compare the stocks market to bitcoin and crypto market, you will see a very interesting point where bitcoin was not effected by this fundamental news and stayed stable in the place which is real advantage for it.

[ReiMomo]

Every wise economist knows how the President's health (mental/physical) is very important in how the economy would work.

Every decision the presidents would do will totally influence the economy. Just imagine how the country's economy works. Emotions are always there since it is politics. Of course, not feeling good is one of the things that affects emotion and decisions.

But as what I can see here is the temporary effect which is not long last, as a matter of fact, the price of the market didn't have a massive downtrend and yet, it seems there will be a bounced back after the short corrections happened that started yesterday.

[Vishnu.Reang]

Trump is already back in the white House. Looks like the corona infection wasn't as severe as most people that. In my opinion these panic sells based on a single news events are too extreme and tend to be over selling. Stock prices are recovering already and most of the investors just paid transaction fees to sell and rebuy now. A more cautious approach to investing is key in my opinion.

Since yesterday was Sunday, markets were closed. Asian and European markets have shot up by 1.5% to 2% today (Monday). This is good news on multiple fronts. First of all, Trump recovered from the infection and he no longer has to worry about getting infected again (he already has the antibodies, so he won't fall sick again). And secondly, his recovery has proven that for the vast majority of the people, the Coronavirus doesn't cause much sickness (Donald Trump is 74 -years old, and he is regarded as overweight).

[Kong Hey Pakboy]

Hearing president Trump catching corona virus was a really bad and negative fundamental new for the US stocks for this week. However the got out of the hospital without of any issue and this positive fundamental news made the stocks markets to move high again. Dow Jones rising again so we won't have any problem, currently. However, in this moment of the time, if you compare the stocks market to bitcoin and crypto market, you will see a very interesting point where bitcoin was not effected by this fundamental news and stayed stable in the place which is real advantage for it.

Trump catching the virus do really result a huge impact on the stock market because most of them have fallen their prices. Good thing that the president got back in the white house and recovered from the virus.
It is the reason why bitcoin and cryptocurrencies have already proved itself that it can save our financial system from collapsing while in the middle of the pandemic of Coronavirus, and bitcoin is still stable and growing. Unlike stocks and banks, they are still struggling from the recession.

[Police Indo]

Approaching the Presidential Election, the Wall Street stock market trend; The Dow Jones (DJIA), S&P and Nasdaq will all face pressure. This volatility will also affect other global stock exchanges. However, several economic indicators in the US are showing signs of improvement. The PMI index in the US is starting to rise, because market players are also watching the development of several countries in dealing with the Coronavirus outbreak apart from Trump's sentiment,

[wheelz1200]

Trump's role is more effective in shaping the economy stock markets are shrinking as Trump seeks to protect the public from being caught in the virus and the amount of investment to keep him in a separate place is declining. But it will last longer as soon as the effects of the epidemic subside everything will return to its former place. Although Trump has been attacked he has not stopped everything he is trying to rebuild the economy in the interest of recovery.

Trump is already back in the white House. Looks like the corona infection wasn't as severe as most people that. In my opinion these panic sells based on a single news events are too extreme and tend to be over selling. Stock prices are recovering already and most of the investors just paid transaction fees to sell and rebuy now. A more cautious approach to investing is key in my opinion.

Thats how the markets work though, they react to world news.  And the possibility of something like that which could potentially impact the US election will certainly effect the market.  While I dont think its an issue there is increased risk of uncertainty that will always lead to short term dips in price.

[LogitechMouse]

All of these fell down hours after the news.
But the real question is: Are they related ?

Some bad news happened = may affect the stock market as a whole. I just see the price of some stocks like S&P, Dow Jones and Nasdaq and they are all down at more than 1%.
Stock Market and Bitcoin's price are correlated and we just saw Bitcoin go down below 1% too at $10,500.

What is your take on this ?

I only don't like the fact that he has a virus and yet he is just roaming around and without any masks. I feel pity for the people who are supporting a president who doesn't even know to follow the protocols? Why because he is the president and he ain't afraid of the virus?? Well lets just see observe his health in the next days if really he has COVID19. His staffs are kinda sketchy and dodging the questions of reporters regarding his health status.

[abhiseshakana]

Since yesterday was Sunday, markets were closed. Asian and European markets have shot up by 1.5% to 2% today (Monday). This is good news on multiple fronts. First of all, Trump recovered from the infection and he no longer has to worry about getting infected again (he already has the antibodies, so he won't fall sick again). And secondly, his recovery has proven that for the vast majority of the people, the Coronavirus doesn't cause much sickness (Donald Trump is 74 -years old, and he is regarded as overweight).

So the Corona drug and Trump's recovery from Covid could be a game changer in Trump's political career, which is now in a weaker position compared to Biden. If Trump is completely cured of Covid with a drug that has just been discovered, Trump will be considered a hero and a symbol of the US conquest of the pandemic. The winner will write the story and make history.

[GreenStox]

it's like they are not afraid of the virus, but to control the price or an asset which is influenced by this news.
when Trump announced that he and his wife had Covid 19, it was like a conspiracy or had been planned.
We don't know if this is true, but I hope the president and wife are well.

[bearexin]

You said people got to know about this through Twitter, can you drop the Twitter handle that announced it first?
I saw it on the news , though I don’t know if it’s true or not, but it’s everywhere on the news and there are lots of websites carrying the news.

I have not even checked the price of Bitcoin today till I saw this post and checked my Blockchain wallet and the price has dropped over three percent today. It seems like whenever there is an event like this, the price of Bitcoin goes the same direction with other assets like gold and S&P 500, been noticing that. But on a normal the price doesn’t correlate.

[riskyron]

From what I read it looks like Trump deliberately tanked the stock market. Was there some insider trading involved?

I was in the middle of selling some stock when that got announced. Luckily I still sold but missed out on $4 / share...eventually it went down $8.
...but it will likely be up $10 tomorrow.