Stay informed on the latest Truth Social posts from Donald Trump (@realDonaldTrump) without the doomscrolling. Consider it a public service for your mental health. (Why?)
- The country’s “Jobs Numbers” are being produced by Biden Appointee Dr. Erika McEntarfer, the Commissioner of Labor Statistics.
- Dr. Erika McEntarfer faked the Jobs Numbers before the Election to try and boost Kamala’s chances of Victory.
- The Bureau of Labor Statistics (BLS) overstated Jobs Growth in March 2024 by approximately 818,000.
- The BLS overstated Jobs Growth right before the 2024 Presidential Election, in August and September, by 112,000.
- These overstatements were "Records" and are evidence that the errors were intentional and not accidental.
- Accurate Jobs Numbers are needed.
- Donald Trump has directed his Team to fire Dr. Erika McEntarfer immediately.
- Dr. Erika McEntarfer will be replaced with someone much more competent and qualified.
- Important numbers like jobs data must be fair and accurate and cannot be manipulated for political purposes.
- Dr. Erika McEntarfer stated only 73,000 Jobs were added recently and admitted a major mistake of 258,000 Jobs downward in the prior two months.
- Similar downward adjustments happened in the first part of the year, always to the negative.
- The Economy is BOOMING under “TRUMP”.
- The Federal Reserve also plays games, this time with Interest Rates.
- The Fed lowered interest rates twice, and substantially, just before the Presidential Election, in hopes of getting “Kamala” elected.
- Jerome “Too Late” Powell should also be put “out to pasture.”
The post directly challenges the integrity of official jobs numbers and the Bureau of Labor Statistics, a key source of economic data relied upon by markets. It also criticizes the Federal Reserve and its chairman, Jerome Powell, regarding interest rate policy. Such strong rhetoric, including calls for the removal of high-level officials and questioning the validity of economic data, could introduce significant uncertainty for investors. This might lead to short-term market volatility as participants react to concerns about data reliability, future economic policy direction, and potential changes in leadership at critical institutions, potentially influencing S&P 500 performance.
The post's content is solely focused on domestic economic statistics, U.S. political appointments, and internal economic policy, with no references to international relations, foreign policy, or military actions.
- Commodities: Gold (XAU) is likely to rise due to increased uncertainty regarding US economic data integrity and potential political instability, acting as a safe-haven asset. Oil (WTI) may see minor impact from broader economic uncertainty.
- Currencies (Forex): The US Dollar Index (DXY) could experience volatility. Questions surrounding data integrity and central bank independence may create uncertainty, potentially weakening the USD. However, if broader global risk aversion increases, the USD might paradoxically strengthen as a safe haven.
- Global Equities: US equities, particularly the S&P 500 and Nasdaq, would be most directly impacted by uncertainty over economic data and future monetary policy. Global indices might experience some contagion due to the significant influence of the US economy.
- Fixed Income (Bonds): US 10Y and 2Y yields could decline as investors seek safety amid uncertainty regarding economic data reliability and central bank independence, leading to a potential flight to quality. Credit spreads may widen if market stress increases.
- Volatility / Derivatives: The VIX (Cboe Volatility Index) is highly likely to spike due to heightened market uncertainty and perceived political risk impacting economic data and policy stability.
- Crypto / Digital Assets: Bitcoin (BTC) could potentially behave as a macro hedge, rising as an alternative store of value against perceived instability in traditional financial systems, or it could decline if there is a broader risk-off move across all asset classes.
- Cross-Asset Correlations and Systemic Risk: There is a possibility for breakdowns in normal correlations, especially if confidence in official economic data is broadly eroded, potentially leading to widespread liquidity stress in various market segments.
- Retail Sentiment / Market Psychology: The post's strong rhetoric could trigger significant retail speculation or reaction, potentially leading to increased trading volume in certain assets, including those perceived as alternative investments or meme stocks, based on social media trends and sentiment.