Six months ago almost to the day, Elon Musk, an influential adviser to presidential candidate Donald Trump and the world’s richest person, warned that Trump, if returned to the White House by voters,

President Donald Trump said the faltering stock market "is Biden’s Stock Market, not Trump’s" and that a downturn wasn't due to tariffs. Our graphic shows how the markets responded after Trump made various tariff announcements.

"That will work now," Sen. Thom Tillis said of Trump blaming Biden for the stock market. "It won't work six months from now."

President Donald Trump on Wednesday blamed his predecessor, former President Joe Biden, for the stock market’s weak performance, as the main U.S. indexes headed for losses after a report showed the economy has contracted.

President Donald Trump's second term has reached its 100-day milestone, and the performance of the S&P 500 during that period is the second-worst for an administration since 1945.

On Jan. 29, 2024, he took credit for the booming stock market, saying, "THIS IS THE TRUMP STOCK MARKET BECAUSE MY POLLS AGAINST BIDEN ARE SO GOOD THAT INVESTORS ARE PROJECTING THAT I WILL WIN, AND THAT WILL DRIVE THE MARKET UP." People are very much "Suuure, Jan" about it all.

Trump’s post is undercut by prior social media posts where he took credit when the stock market boomed under President Joe Biden in January 2024.

The bank said in a Tuesday note that in light of Trump’s China agreement, which lowered most tariffs on China to 30% from 145% for three months, the possibility of a recession t