Trump blames Democrats for stock market plunge after GOP midterms rout: ‘Your 401(k)s have dropped’

President Donald Trump took to social media on Thursday to blame Democrats for the steep decline in the stock market following the midterm elections. In a post on Truth Social, Trump claimed the market's performance was one of the worst in history, attributing the losses to Democrats taking control of Congress. He wrote, "The Stock Market suffered one of the Worst Days in History based on the results of the Election.

Such a sad thing to watch!" Trump emphasized that while the market had initially risen to unprecedented levels, it had since dropped significantly, wiping out gains in Americans' retirement savings. Despite the downturn, Trump sought to reassure investors, stating, "Do not fear, however, we will soon, one way or the other, be BIGGER AND STRONGER THAN EVER BEFORE."

He also suggested that Republicans would have performed significantly better if he had been on the ballot, writing, "I JUST WASN’T ON THE BALLOT. IF I WERE, WE WOULD HAVE WON IN A LANDSLIDE!" The sharp sell-off in Wall Street came after an initial rally on Thursday, marking the steepest decline since a previous sell-off in April 2025.