Under this economic theory — defined roughly as "when it's sunny, credit me; when it rains, blame them" — President Trump has been claiming sole responsibility for a bull market that began nearly eight years before his presidency.
But this month, wild swings in the market threaten to erase the year's gains, and on Tuesday, Trump offered an explanation: The Democrats did it! The market "is now taking a little pause — people want to see what happens with the Midterms," he tweeted. "If you want your Stocks to go down, I strongly suggest voting Democrat."
Most attribute the swoon to higher tariffs set off by Trump's trade war and higher interest rates aggravated by Trump's tax cut.