The Trump put

One reason the Trump 2.0 administration remains highly attuned to current stock market volatility is that approximately 55% of the U.S. population holds equities—either directly or indirectly through insurance policies or pension funds. With around 185 million Americans invested in the market, political decisions that negatively impact asset prices risk alienating a significant portion of the electorate. This creates a de facto “Trump put,” whereby U.S. Presidents are naturally inclined to monitor market performance as a key indicator of their administration’s perceived success.