Truth Social is an Unlikely New Market Barometer

President Trump’s Truth Social has emerged as perhaps the most important “tip sheet” for stock market timing.

This illustration photo shows a person checking the app store on a smartphone for Truth Social with a photo of former President Donald Trump on a computer screen in the background, in Los Angeles, October 20, 2021. Chris Delmas/AFP via Getty Images

Commentary

President Trump’s Truth Social has emerged as perhaps the most important “tip sheet” for stock market timing. Just before the biggest rally this year, President Trump wrote (before the market opening) to “be cool,” as everything is going to work out well, then he added: “THIS IS A GREAT TIME TO BUY!!!”