President Donald J. Trump said on November 5 on X that election results caused a historic stock market decline and that 401(k)s have dropped.
“The Stock Market suffered one of the Worst Days in History based on the results of the Election,” he wrote. “It took so much work to get us to a level that no one has ever seen before, and then this. Your 401(k)s have, therefore, dropped.” He added: “Remember, it wasn’t Republicans, it was Dumocrats.”
Trump urged supporters not to fear, saying, “we will soon, one way or the other, be BIGGER AND STRONGER THAN EVER BEFORE. MAKE AMERICA GREAT AGAIN!” He signed the post “President DONALD J. TRUMP.” The post framed the downturn as tied to the election and attributed losses in retirement accounts to the market move. Source: X
