Donald Trump made it clear during his presidency that he considered the performance of the stock market, not the polls, the most accurate reflection of his public approval. He governed that way, too; his tax cut, which ostentatiously put the interests of capitalists even above wealthy wage-earners, was a bonanza for the rich.
During the 2020 campaign, Trump predicted that the market would collapse if Biden won. He was wrong–grotesquely so. And so, a few days ago, he complained that the records that are currently being set on Wall Street were just making a bunch of rich guys richer.
Take it from the guy who wants to impose a 10 percent tariff on imported consumer goods and use it for another corporate tax cut–that’s a terrible state of affairs.