Trump sparked fresh controversy after posting “THIS IS A GREAT TIME TO BUY!!!” on Truth Social, just hours before announcing a major tariff pause that sent stocks soaring. The timing couldn’t have been more suspicious – his early morning market tip came less than four hours before he revealed plans to pause nearly all tariffs for 90 days.
Talk about a lucky guess. The S&P 500 exploded upward by 9.5%, clawing back a whopping $4 trillion in market value. That’s 70% of what the market had hemorrhaged over the previous four days. Not too shabby for a social media post and policy flip-flop.
Markets rocketed skyward, reclaiming $4 trillion in mere hours after Trump’s perfectly-timed social media “investment advice” preceded his policy reversal.
Senator Adam Schiff wasn’t buying it. He demanded a congressional investigation into possible insider trading and market manipulation, firing off requests to the Office of Government Ethics to review transaction reports. Schiff, who’s tangled with Trump before over meme coins and other financial shenanigans, wanted to know who knew what – and when they knew it. Arizona Senator Ruben Gallego joined Schiff in calling for a thorough inquiry into the matter.
The legal stakes are serious. Insider trading laws prohibit trading on material, nonpublic information. Market manipulation? That’s also a big no-no. Former White House ethics lawyers were practically jumping up and down, warning about potential violations if anyone traded on advance knowledge of the tariff pause. Trump’s post was signed with DJT, which happens to be his media company’s stock symbol.
The White House response was predictably dismissive. They accused Democrats of putting on a political show, while Republican leaders in Congress yawned and looked the other way. No evidence, they claimed. Nothing to see here, folks.
Meanwhile, the Dow Jones rocketed up 2,000 points – the kind of move usually reserved for major Fed announcements, not impromptu presidential policy shifts. The timing of Trump’s buy signal, followed by market-moving news hours later, raised more than a few eyebrows on Wall Street.
But with GOP leaders controlling congressional committees and showing zero interest in digging deeper, Schiff’s calls for investigation might end up being just another footnote in this latest Trump-related market drama.
