Stocks fall down due to trump catching the virus

[fiulpro]

Apparently I came across a news where it stated how the US stocks fell down due to Trump and the first lady catching the virus.

Here is the source:
https://www.coindesk.com/bitcoin-stock-trump-covid

Apparently as usual people got to know this though Twitter. Now the person who wrote this speculated that due to president catching the virus :

Australia ASX
S&P 500
Bitcoins
Gold ( which recovered quite fast)

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

-The president for sure does hold a certain amount of public power to sway their decision for +/- but when we are talking about Trump , I do believe people instead of looking at trump are looking at the falling economy of the US and therefore have lost trust in the stocks itself.

What is your take on this ?
Is the economy dependent on the health of Trump?

[jackg]

Has he confirmed catching the virus or is it just speculation?

I think bitcoins price movement was a standard move also and not influenced greatly by external factors....

[avikz]

Australia ASX
S&P 500
Bitcoins
Gold ( which recovered quite fast)

??!!

What's the bloody relation between Trump and these indexes and stock?? Apparently I don't find anything at all! The global market is going through an economic turmoil right now due to which the prices of any stocks can go nuts anytime. But definitely not due to the news that Trump got Covid.

Instead, I believe the US market as well as the world market should cheer about this news and the stocks should go up!

[Broly46]

Yeah it seem just coincidence

[stompix]

Apparently I came across a news where it stated how the US stocks fell down due to Trump and the first lady catching the virus.

Australia ASX
S&P 500
Bitcoins
Gold ( which recovered quite fast)

Why did you not mentioned also the drop itself? Maybe because it's nothing remarkable?

The Australia ASX All Ordinaries is down 1.35%.
In the U.S. markets, S&P 500 futures fell about 2%.

S&P500 is now down only 0.92%, with Dow only 0.72%, this is nothing special, just a small bump.

Yeah, Powell are printing trillions to pump up stocks, now trump can’t tell Powell to print more trillions,

Why? Covid affects the smell, not the capacity to speak or tweet him.  

[Coyster]

Is the economy dependent on the health of Trump?

The economy isn't dependent on the health of Trump, but a big news about Donald Trump (for example uncertainty around his life or whereabouts) can affect the stock market and maybe even Bitcoin (it could be positively or negatively), but Trump infected by covid-19 isn't a pretty big news (cause if he actually has it, he'll definitely recover), and that info is yet to be confirmed if truly the POTUS has actually contracted corona virus or not, the fall in the stocks/Bitcoin imo had nothing to do with Trump and his wife contracting Corona virus.

[Broly46]

.

Why? Covid affects the smell, not the capacity to speak or tweet him.  

“Tweet” Powell to print money? I don’t think so he need to personally go to him and verbally tell him to print money, I think Powell will run away from trump so he won’t get virus from him.

[Taskford]

Has he confirmed catching the virus or is it just speculation?

I think bitcoins price movement was a standard move also and not influenced greatly by external factors....

Yes it's confirmed

Read the article here: https://www.google.com/amp/s/amp.cnn.com/cnn/2020/10/01/politics/hope-hicks-positive-coronavirus/index.html

For sure this will really affect more to the economy and I think the stock holders and others will back off for a while since there are troubles happening in the US and probably they will struggle to recover back their economy since they are so many of them are infected including their president.

[coolcoinz]

“Tweet” Powell to print money? I don’t think so he need to personally go to him and verbally tell him to print money, I think Powell will run away from trump so he won’t get virus from him.

Melania seems to be doing everything she can to stay away from Trump and he managed to give her the virus
It's not like running away can help him in this case.

[Broly46]

“Tweet” Powell to print money? I don’t think so he need to personally go to him and verbally tell him to print money, I think Powell will run away from trump so he won’t get virus from him.

Melania seems to be doing everything she can to stay away from Trump and he managed to give her the virus
It's not like running away can help him in this case.

The virus has to be transmitted by air, that’s high time to lock up his mouth with ultra thick face mask so no virus will be spread into the air from his foul mouth.

[bitbollo]

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.
During these months all markets have been a lot focused on COVID19 news. Now it's pretty clear, meanwhile some countries are living for a second wave, some other have seen just a unique big number of incidents related to the disease.
For sure this was an unexpected news. He has been very desecrating on this disease, like Bolsonaro and Johnson he has just depicted the disease as a "joke" nothing to be taken serious.  

[Bttzed03]

~ Is the economy dependent on the health of Trump?

It's the uncertainty on what might happen to the economy if Trump steps down due to COVID-19. Sudden change in leadership could either cause panic or investor confidence. The drop isn't that significant though to suggest it's the reason.

[wxxyrqa]

~ Is the economy dependent on the health of Trump?

It's the uncertainty on what might happen to the economy if Trump steps down due to COVID-19. Sudden change in leadership could either cause panic or investor confidence. The drop isn't that significant though to suggest it's the reason.

There is not much time left before the US presidential election, and therefore the time that will remain under the leadership of the second person in the state, with minimal political and economic changes. In addition, even if something bad happens to Donald Trump, then this situation cannot be compared with the situation in the country after the assassination of Kennedy.

[Ayiranorea]

~ Is the economy dependent on the health of Trump?

It's the uncertainty on what might happen to the economy if Trump steps down due to COVID-19. Sudden change in leadership could either cause panic or investor confidence. The drop isn't that significant though to suggest it's the reason.

Its a reason, but we don't know what's gonna happen next. As the entire world is watching the move in USA, even a small issue will reflect on the economy. Now this is about the leadership, if he is strong then it is fine. Maybe close to the days of election another person taking charge of his position will make big changes in the market.

[exstasie]

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

Probably. Correlation is not causation, but in this case it's pretty obvious what all the markets were reacting to.

Looks to me like the dip was bought. 1-2 hours of panic yesterday, but the selloff has now been fully retraced. The market seems unconcerned.

Is the economy dependent on the health of Trump?

The markets are, to some extent. We're getting close to the election. Trump winning the election means a continuation of his pro-business policies (taxes, regulations, and so on). If his health deteriorates, I could see it having a negative effect on the market as investors start planning for a Biden win.

[so98nn]

Definitely a nightmarish coincidence!! There is no relationship between their family and stocks falling. He doesn't control them in anyway since stocks are directly dependent on decision making process of giant brokers, common people, and rest of the world's trade movement.

Considering rest of the world and Trump alone I don't see any slightest relation in stock downfall. So tomorrow you may predict that stocks are going up because well trump and their family is recovering from the whole stuff.

I don't think it works that way. Who else think like that.

[mu_enrico]

Is the economy dependent on the health of Trump?

Not only Trump's health but the upcoming election result also significantly affect stock markets. Simply put, if Bidden gets elected, the market will tank like in a recession. The market is pro-Trump, maybe because big players are his supporters.

The funny thing on yesterday-today is, when the stock market tank, the crypto market follows.

[ChrisPop]

The health of the US President is certainly a factor that has a lower or higher impact on the stock market. A sick president would certainly affect his decision-making and a change of the so called "most powerful man in the world" would certainly create some havoc in the markets.

[jrrsparkles]

I don't think there will be any relation of the price fall of stocks and cryptos with the trump and his wife has been tested positive for the corona virus.Probably this just turned into speculation and big hands used to situation to dump their stocks for small profits in very short time frame.

[Febo]

Apparently I came across a news where it stated how the US stocks fell down due to Trump and the first lady catching the virus.
But the real question is: Are they related ?

Yes these news are related. Stock markets reacts even on rumours. Market moves but can then also bounce back if rumour is false or if reaction was dumb.  There will be zero difference if Trump lays in bed for half year USA will work as it worked fro decades.