Trump's market cheerleading tweets could end up fueling a bubble [CNBC]
Prudential Financial, Inc. (PRU)
Last prudential financial, inc. earnings: 2/4 04:18 pm
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Source: CNBC
show chapters Financial markets have endured many bubbles over the centuries, from tulip mania in the 17th century to the dot-com bubble and, most famously, the real estate bubble that nearly capsized the global economy a decade ago. But the presidential Twitter bubble? No one in his position has ever talked up the stock market as much as Donald Trump , and it's worth considering, with the president nearing the anniversary of his first year in office, whether the Oval Office cheerleading is contributing to a historically relentless boom on Wall Street . A president can create an environment that is business friendly and talk about it. What we saw was he talked about it and it did come to fruition, said Quincy Krosby, chief market strategist at Prudential Financial. The president has been explicitly clear about what he wanted to achieve: deregulation, tax cuts and an environment that is friendly to business. That is a key ingredient for markets.
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PRU
Earnings
- 2/6/24 - Miss
PRU
Sec Filings
- 4/16/24 - Form 8-K
- 3/28/24 - Form ARS
- 3/28/24 - Form DEF
- PRU's page on the SEC website