Trump Bump

Extracted Attributes

• Type

  Economic Event

• Nature

  Market optimism

• Key Personnel

  Donald Trump, Paul Atkins (nominated SEC Chairman)

• Market Impact

  Stock market surge, S&P 500 gains, Bitcoin price increase

• Contrasting Event

  Trump Slump

• Associated Policies

  Pro-growth agenda, Deregulation, Addressing National Debt, Favorable Cryptocurrency Regulation

• Cause of Trump Slump

  Imposition of widespread tariffs

Timeline

• Donald Trump makes a political comeback, winning 312 electoral votes and becoming the second US president elected to non-consecutive terms, leading to the 'Trump Bump'. (Source: cnn.com)

  2024-11-XX

• The stock market soars on Wall Street's expectations for a pro-business Trump administration that will cut red tape and boost economic activity. (Source: cnn.com)

  2024-11-XX

• Donald Trump nominates Paul Atkins to replace Gary Gensler as the chairman of the SEC, signaling a major shift towards a more favorable environment for cryptocurrency regulation. (Source: related documents)

  2024-11-XX

• The US stock market opens for the New Year with elevated spirits due to hopes for a pro-business boom under Trump's second term. (Source: cnn.com)

  2025-01-02

• Bitcoin crosses $100,000 for the first time, signaling optimism about a 'Trump bump' that will boost investments associated with Trump's agenda. (Source: cnn.com)

  2025-01-20

• Stocks slide, with the S&P 500 erasing all gains since Trump was re-elected, turning the 'Trump Bump' into a 'Trump Slump' due to widespread tariffs imposed by President Trump. (Source: usnews.com, cnn.com)

  2025-03-04

Bump stock

Bump stocks or bump fire stocks are gun stocks that can be used to assist in bump firing, the act of using the recoil of a semi-automatic firearm to fire cartridges in rapid succession. The legality of bump stocks in the United States came under question following the 2017 Las Vegas shooting, in which 60 people were killed and 869 people injured. The gunman was found to have fitted bump stocks to his weapons. Several states passed legislation restricting ownership of bump stocks following this shooting. In December 2018, the United States Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) published a rule that bump stocks constituted "machine guns", and thus were illegal under federal law. The Supreme Court vacated this regulation in June 2024 in Garland v. Cargill. Bump stocks remain illegal in 15 states and the District of Columbia based on state bans not affected by the Supreme Court ruling.

Web Search Results

• The Stock Market's Trump 'Bump' Turns Into Trump Slump

  Stocks slid further Tuesday after President Donald Trump imposed widespread tariffs on imports from Canada, Mexico and China with the Dow Jones Industrial Average falling 670 points. The move, the second down day this week, brings the two-day drop to more than 1,300 points – turning the “Trump Bump” that followed his electoral victory in November into a “Trump Slump.” All of the market’s gains since Trump won the White House for a second time have now been erased. [...] The negative news comes as Trump is scheduled to give a joint speech to Congress later Tuesday evening, where he is expected to trumpet his economic plans and claim credit for using tariffs to win concessions from U.S. trading partners. Instead, his address will be clouded by the latest news from Wall Street. [...] The tariffs that took place Tuesday impose 25% levies on goods from Canada (10% on oil) and Mexico, while China already faced a 10% tariff that is now doubled to 20%. “With the imposition of these tariffs, it is as though Trump has self-imposed what many foreign adversaries have only dreamed of: a partial blockade of the United States of America,” Joseph Politano, a labor economist, wrote Tuesday in his newsletter Apricitas Economics.

• How the stock market has responded to Trump's first 100 days in office

  The S&P 500 slides 1.2%, erasing all gains since Trump was re-elected. The "Trump bump" that gave a boost to stocks after Trump's election evaporates as the S&P 500 closes at its lowest level since November. Mar 4 ## Analysis: Why do markets hate tariffs? [...] Trump makes a momentous political comeback, breaking through the "blue wall" to win 312 electoral votes. Trump becomes only the second US president in history to be elected to non-consecutive terms, following Grover Cleveland (the 22nd and 24th US president). ## The "Trump bump" The stock market soars on Wall Street's expectations for a pro-business Trump administration that will cut red tape and boost economic activity. Nov 6 Dec 5 ### 2024 ## Bitcoin crosses $100,000 [...] Bitcoin, the world's largest cryptocurrency, surpasses $100,000 for the first time ever, signaling optimism about a "Trump bump" that will boost investments associated with Trump's agenda. ## The US stock market opens for the New Year After the S&P 500 gained 23% across 2024, and 24% across 2023, investors are unsure whether the good times can keep rolling. Yet hopes for a pro-business boom under Trump's second term keep spirits elevated on Wall Street. Jan 2 Jan 20 ### 2025

• TRUST IN TRUMP: Sentiment Surges as Economy Booms

  By all metrics, President Trump is overseeing another economic boom.Jobs numbers have trounced expectations for four straight months, gas prices remain at their lowest level in four years, and blue-collar wage growth has seen the largest increase in nearly 60 years. [...] Wall Street sentiment is surging as the stock market reaches newrecordhighs.JPMorgan Chase & Co., Goldman Sachs, Citigroup, Deutsche Bank, UBS Global Wealth Management, and Barclays have all elevated their S&P 500 Index year-end targets — now predicting record gains to continue. [...] Consumer outlook is on the rise.With core inflation at its lowest level since March 2021, expectations for an inflation spike have “completely receded” as Americans growincreasinglyconfident about the economic outlook. Price hikes never materialized.A new study found that prices for imported goods have actually declined _faster_ than prices for overall goods — confirming that tariffs have had little effect on prices.

• The Economic Effects of President Trump's Tariffs

  bundle and a one-time payment of $15,800 to avoid the tariff increase. [...] | | 2030 | 2034 | 2039 | 2044 | 2049 | 2054 | | --- | --- | --- | --- | --- | --- | --- | | Gross domestic product | -0.4 | -0.7 | -0.8 | -0.9 | -1.0 | -1.0 | | Capital stock | -1.2 | -1.9 | -2.3 | -2.4 | -2.5 | -2.5 | | Hours worked | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | | Average wage | -0.5 | -0.9 | -1.1 | -1.1 | -1.2 | -1.2 | | Consumption | -1.1 | -1.6 | -1.9 | -2.1 | -2.2 | -2.2 | | Debt held by the public | -6.4 | -8.3 | -9.2 | -9.6 | -9.7 | -9.7 | Source: Penn Wharton Budget Model. [...] | | 2030 | 2034 | 2039 | 2044 | 2049 | 2054 | | --- | --- | --- | --- | --- | --- | --- | | Gross domestic product | -0.5 | -0.9 | -1.5 | -2.4 | -3.7 | -5.7 | | Capital stock | -0.9 | -1.7 | -3.1 | -4.8 | -7.1 | -10.9 | | Hours worked | -0.2 | -0.1 | -0.2 | -0.4 | -0.8 | -1.3 | | Average wage | -0.8 | -1.1 | -1.6 | -2.3 | -3.3 | -4.8 | | Consumption | -3.2 | -2.9 | -2.9 | -3.0 | -3.2 | -3.4 | | Debt held by the public | -7.2 | -9.6 | -10.9 | -11.4 | -11.3 | -10.7 |

• Schatz: Donald Trump Is Ruining The Economy On Purpose ...

  basis, today's announcement would raise just under 400 billion in revenue, or about 1.3 percent of GDP, which would be the largest tax increase since 1968. The resulting hit to purchasing power could take real disposable personal income growth in the second and third quarters into negative territory, and with it, the risk that real consumer spending could also contract in these quarters. This impact alone could take the economy perilously close to slipping into a recession.”_ [...] _If you're going to stand up to him in two months, do it now._ _Your people are suffering. People are being laid off. People are about, by the way, most of people, most of what is happening in terms of Trump's plummeting popularity is what they are seeing on their screens. But in the next week or so, it's not what they're seeing in their screens. It's what they're seeing when they try to buy something._