Stocks fall down due to trump catching the virus

[Mauser]

I'm sure there are many factors affecting Bitcoin and stocks prices. Trump's positive covid test isn't related to the assets' movements. Journalists connected two events to make clickable headlines.

Really, I also believe that the decline in stock prices and Trump's positive covid-19 was just a coincidence and was deliberately linked.  The media enlarge this issue in order to attract viewers and readers only to get more benefits.  However, if the decline in stock prices is due to news about the health of the trump, I am sure that the stock price will return to normal soon, because the health of the trump is not fundamental.

Usually election in USA are very good for the stock market because the new presidents usually promise a lot of new reforms. Now with the corona pandemic still going on the times might be different and there is more downward pressure on stocks all around the world. But I think once the election is over and there is more certainty with a corona vaccine there will be a big jump in stock and all other asset classes. I wouldn't be selling my funds at the moment, going to hold my ETF funds atleast until the end of the year before I do any repositioning. Why pay all these transactions fees if it's just going up again in a few weeks?

[goldade]

Although I do agree that certain big news do affect the market causing causing a fall or rise of the stock market, the forex market and even the bitcoin market, I do not think President Trump catching the virus is a news bug enough to do that. The market is not dependent on the the illness or well-being of an individual however powerful he may be.
I believe the fall in stocks was just some sort of coincidence cause President Trump only contracted the virus which he'll definitely recover from.
I have read from preceding users' posts that it is only a ploy of journalists and reporters to link the two events together to attract more people to read their articles and I do agree with this.

[Fredomago]

Although I do agree that certain big news do affect the market causing causing a fall or rise of the stock market, the forex market and even the bitcoin market, I do not think President Trump catching the virus is a news bug enough to do that. The market is not dependent on the the illness or well-being of an individual however powerful he may be.
I believe the fall in stocks was just some sort of coincidence cause President Trump only contracted the virus which he'll definitely recover from.
I have read from preceding users' posts that it is only a ploy of journalists and reporters to link the two events together to attract more people to read their articles and I do agree with this.

Some sort of linking the issue to current movement, but reality wise there's none.

Stock holders are making there moves according to how they feel the market conditions with such news some big whales can do an artificial dive to catch those weak investors who always riding with fears.

Unknowingly that there's no real reason but it's just a plan to bring the President and his first lady's healths to shake the market.

[oHnK]

I wouldn't be selling my funds at the moment, going to hold my ETF funds atleast until the end of the year before I do any repositioning. Why pay all these transactions fees if it's just going up again in a few weeks?

Well, maybe right now the best step in this situation is to hold your funds, because in this uncertain situation the price can go down or even go up for a very simple reason.  You don't want to pay huge fees for this uncertainty.

[Ridwan Fauzi]

In the previous months Gold, SP500, Bitcoin, and some stock exchange they have the same movement. We will see bitcoin fall if their price falls also, I don't know it happens, it could that many bitcoin users now include that bitcoin is an asset like gold and its price will be the same as similar assets. As for Trump's life, I don't think their price movement depends on his life.

This virus has killed many people and indeed before this virus came, almost all investment places experienced a decline, except for the health sector. And we all know that the US government has a power or one of the countries that has a major influence on economic conditions, the impact is not only for the country itself but can have an impact on other countries or other investment places such as bitcoin.

[bryant.coleman]

Usually election in USA are very good for the stock market because the new presidents usually promise a lot of new reforms. Now with the corona pandemic still going on the times might be different and there is more downward pressure on stocks all around the world. But I think once the election is over and there is more certainty with a corona vaccine there will be a big jump in stock and all other asset classes. I wouldn't be selling my funds at the moment, going to hold my ETF funds atleast until the end of the year before I do any repositioning. Why pay all these transactions fees if it's just going up again in a few weeks?

The stock market crashed once (April-May 2020) and then recovered. Now I don't think that there will be any additional impact of the pandemic on the stock markets. Even the oil prices are back to the previous levels. Economy has restarted in most of the countries, and the number of infections are going down in almost all the countries (including the US, India and the EU).

[teosanru]

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?

What i was thinking was that whether this was a reaction due to the post of the President of United states or it was due to Trump specifically because if it was due to trump it shows that public sentiment is attached to trump and they think of him as good for the markets.
This could also play a great role in elections. I believe if trump stays under Covid for a few days he would miss couple of presidential debates too which could be better for him after seeing his first debate. Lol.

[Sapphire915]

Im caught between the middle of the question. Maybe its just a coincedence, and we cant put all the blame to Trump.. but apparently, the economy can be affected by the health condition of President Trump because he is the leader, he is always the final decision maker to everything about the country. In this trying times, we need to set aside the political issues and we just hope he will be better soonest as well as his wife who was also infected by covid-19.

[Kasabus]

Im caught between the middle of the question. Maybe its just a coincedence, and we cant put all the blame to Trump.. but apparently, the economy can be affected by the health condition of President Trump because he is the leader, he is always the final decision maker to everything about the country. In this trying times, we need to set aside the political issues and we just hope he will be better soonest as well as his wife who was also infected by covid-19.

This is really a big news and maybe one of the reasons why these stocks have been in a sudden decline. Big news create big events. Even if Trump is not taking covid 19 as a serious one, but what had happened to him and to his wife might change his perception aboit covid 19. Still, we just hope that they will have a fast recovery and still praying for their good health.

[Xembin]

-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?

Yes because Trump is the president of US, so he has the power to reduce and increase the economy of the country. I think the government will do everything possible to make sure Trump and his wife are free from corona virus because if the president remain in such condition for a long time it will collapse the economy of the country.

[slapper]

He is the president of the United State, the strongest country in the world in which influence mostly everything globally. And there is nothing to be surprised that his infection can easily impact the stock market. Even the Dollar was slightly sold off when the news confirmed he was a victim of COVID-19.

The 2020 United States presidential election will soon come and this makes the situation even worse since he is one of the candidates for the next term of the president. I hope that he will be fine and has enough strength to govern the country during the most complicating time.

[oHnK]

Im caught between the middle of the question. Maybe its just a coincedence, and we cant put all the blame to Trump.. but apparently, the economy can be affected by the health condition of President Trump because he is the leader, he is always the final decision maker to everything about the country. In this trying times, we need to set aside the political issues and we just hope he will be better soonest as well as his wife who was also infected by covid-19.

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.  The issue of Trump being positive for Covid-19 is not a fundamental issue for investors, I am sure that in the future stock prices will go to a point before Trump tests positive.  The media only enlarges the issue in order to attract readers' interest and this issue is used by some parties to do short selling.

[uray]

Really, I also believe that the decline in stock prices and Trump's positive covid-19 was just a coincidence and was deliberately linked.  The media enlarge this issue in order to attract viewers and readers only to get more benefits.  However, if the decline in stock prices is due to news about the health of the trump, I am sure that the stock price will return to normal soon, because the health of the trump is not fundamental

It is not a mere coincidence that the stock market went down on hearing about the news that the president of US is Corona positive, he is a candidate for the next election and it will have an implication on the entire market as well. The health of the president is fundamental as the policies he follows will have an implication on the economic structure of the country.

[Yatsan]

The confirmation of Donald Trump for having a coronavirus and the relation to the declination or fall of the stocks are more likely coincidence or maybe there could be a small correlation since the election day is nearly approaching on which the switch or possible changing of leadership is being a big news or the center of attention by everybody in US aside from them having still the most number of covid-19 cases and now that their leader is infected by the same virus. There might be a little bit of chance that there is a relationship for the reason why the stocks have fall down after the confirmation of Trump's infection which might be investors came into panic because of the news but the fall was just a small percentage and nothing to get to be so much put into panic.

It is not a mere coincidence that the stock market went down on hearing about the news that the president of US is Corona positive, he is a candidate for the next election and it will have an implication on the entire market as well. The health of the president is fundamental as the policies he follows will have an implication on the economic structure of the country.

Possibly that could be a good point since the election day is coming and Trump is one of the candidate and the implementations regarding the market as of now is still under his administration.

[Eternad]

He is the president of the United State, the strongest country in the world in which influence mostly everything globally. And there is nothing to be surprised that his infection can easily impact the stock market. Even the Dollar was slightly sold off when the news confirmed he was a victim of COVID-19.

The 2020 United States presidential election will soon come and this makes the situation even worse since he is one of the candidates for the next term of the president. I hope that he will be fine and has enough strength to govern the country during the most complicating time.

US should be more stricter in implementing protocols to avoid Covid, they should not treat it as if not a serious matter since it's really deadly. The stock market and election will be greatly affected but will still move forward and can recover when Trump finally results negative and we all hope that the President will be healed real soon so he'll be able to govern and implement rules based on what he experienced during his quarantine and recovering days.

[Stedsm]

I believe that the US stocks were likely to see a drop after watching their own President getting affected by Coronavirus which they had been tackling since more than 5 months. It's true that this cannot be directly correlated to Trump because he can't be the reason alone here but yeah, after his news came, the markets which were already red got more declined in their values making him the talk of the town while the news played some indirect role in that decline.

[wheelz1200]

100% its related.  The bigger chance for another sweeping shutdown will certainly impact the economy so the markets adjust for those chances increase.  In times of unease markets always slide this being just another example.

[AicecreaME]

I think Trump’s health has a factor though not that much to the stock market like what is stated according to the article you cited.

Trump is the president of the U.S. and definitely when his health is deteriorating, his capability to lead will decline as well. It might affect the market as he could make half-baked decisions because of the status of his well-being. The investors could also lost confidence to his leadership that could result at pulling out stocks because of the fear of dollar devaluation. At the same time, stock market moves somehow base on the circulating news. If the news casted was negative, it can create a sudden lowering of stocks and vice-versa. However, the stock market is dynamic enough to recover once the news is verified.

In addition, I think the reason why stocks is moving from time to time is also because of the upcoming elections and not just entirely about Trump contacting the virus. As you know, Trump is an economist and somehow business inclined. If Trump would lose in the upcoming elections because of investors lack of trust to him, establishments would face some losses because Biden would win which promotes state equality and not really focused on state businesses.

[Wexnident]

Merely coincidental I suppose. Even if it was, I don't think stocks would impact that hard, nor would it actually last in the long term. Still, Trump having the virus is big news, and most who heard of it would probably look for plausible effects literally everywhere, from businesses to stocks, so it wouldn't also be odd for it to affect it but then again, it's just "plausible", and I would actually put the numbers of those chance at the lower end. Even if we do take into account the election that's just around the corner, I still don't think it would have that much of an impact. Heck, I'd place more bets on the election being the reason for stocks actually going down or up, instead of Trump getting the virus.

[Shasha80]

Many people argue that the decline in stock market prices is a coincidence with Trump catching the virus. Whereas for me,
Trump's health is very fundamental to the world economy, especially for the investment world in America. Moreover, the presidential
election will soon be held, so whatever happens to Trump will affect the economy. And also since Trump is an American president,
which has influence for the world economy all of its decisions. So if anything happens to Trump and a change of leaders occurs,
it will change economic policy. So it is very closely related to the decline in stock market prices, after reportedly Trump was positively
infected with corona.