Investors Warn Trump’s Chaos Is Killing The Stock Market

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Investors in America are warning that the chaos being caused by Donald Trump could end up destroying the stock market – or at least it could create enough volatility to cost a lot of people a lot of money. This isn’t just a 1%er problem – millions of working class people have their pensions and retirement accounts invested in the market, and Trump’s inability to lead could cost these people everything. Ring of Fire’s Farron Cousins explains what’s happening.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

Donald Trump's economic destruction of the United States continues at a breakneck pace, folks, and this time it's not just the massive amount of unemployment that he's creating, it's not the fact that consumer prices are going through the roof this time, it's Wall Street itself that is reacting to the chaos. And that's according to investors that Donald Trump has brought to the stock market. Investors from all over Wall Street, from hedge funds to big banks. All of them right now are warning that Donald Trump has the potential to destroy the stock market just through the chaos 'cause they continue to use that word that he is bringing to this country. This, of course, is according to a new report from Politico. So let me read you just a little bit about what the smart money people are telling us about what Trump is doing. Hedge fund manager Jim Chanos, who is notable for predicting the Enron collapse is casting a jaundiced eye at the near future with the unpredictable Trump in office saying quote, for good or bad, depending on your politics, we're back to the chaos presidency.

Whatever you might think about the Biden administration. If you were a market participant, you generally didn't need to check your Twitter feed the first thing in the morning when you woke up just to see what was said. But we're back to that. And with that comes probably more volatility. Now, of course, what he's talking about is the fact that everything Donald Trump puts on social media has an effect on the market because Trump will go out there and just say the stupidest things imaginable. Like, oh, Ukraine, you are to blame for Russia invading you and attacking you. Well, that's going to affect the market. I'm gonna put a thousand percent tariffs on uh, Zimbabwe because why not? I'm feeling crazy this morning. Well, that's gonna affect the market. Every stupid, crazy, idiotic thing that Donald Trump puts on that truth social feed affects the market and 99% of it affects it in a bad way.

Then of course you have Rich Bernstein, who is the officer of Richard Bernstein. Advisors says Uncertainty is rising, but individual investors are completely certain that they know what the outcome is going to be. That's crazy. It gets worse. It's not like we're in an environment where pe, where people are bearish and the slightest positive thing will cause a bull market. This is the exact opposite. People are really bulled up and so they're going to have to tread much more lightly than they think they are and they're going to have to tread, have to thread a very small needle. So you got a lot of people, is what he's saying, that wanna put a lot of money into the stock market, but the market is kind of a bear market. So there, there's nothing really just like taking off and going crazy.

And so these people wanna put money in, but they know they're gonna lose it all if they do, but they're still gonna do it and then they're gonna lose it. It's a horrible situation for us to be in. Now the other part of this of course, is that this is not just a one percenter problem, right? Like a majority of the stocks in this country are owned by, you know, the top 1%. I think 84% are owned by the wealthy elite. So the remaining 16% of stocks are owned by average everyday working class people, mostly in the form of your pension, right? Your retirement account, your 401k, whatever you've got, it's in that stock market. So that market crashes. The wealthy elite, most of them are probably gonna be able to weather it and hold on long enough for a few years for things to come back. Your retirement account, on the other hand, can't do that, especially if you're only a couple years away from being able to retire.