President Trump started his Wednesday with some advice for those who rushed through his steep prices.
“Be cool,” Trump told his disciples on social networks after the opening of the markets. A few minutes later, he wrote: “It’s time to buy !!!”
A few hours later, Mr. Trump has soared when he took a break in the samples for 90 days. The S&P 500 has climbed several percentage points in a few minutes and was on the way to its best day since the resumption of the 2008 financial crisis.
Shortly after Mr. Trump’s break, Democrats and government ethics experts asked the question perhaps obvious: Has Mr. Trump gave the green light to his supporters to take advantage of an upcoming increase in stock prices?
“How is it not market manipulation?” Representative Mike Levin, California Democrat, said on social networks, referring to a potentially illegal action. “If you are a supporter of Trump and you did what he said and you bought, then you did very well. On the other hand, if you are a retiree or a elder or someone in the middle class in the last days that did not have tolerance at risk and that you have decided to sell, you have been screwed up.”
The news of Mr. Trump’s break came while Jamieson Greer, the US trade representative, testified on Capitol Hill. Representative Steven Horsford, Democrat of Nevada, pressed him on the goal of Mr. Trump.
“It is not market manipulation,” said Greer. “We are trying to reset the world trading system.”
“How did you achieve all this?” Asked Mr. Horsford. “So, if it is not market manipulation, what is it?” Who benefits? Which billionaire has become richer? ”
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