Trump blames Democrats for market losses after US midterm elections; says ‘we’ll be bigger, stronger than ever before’

Days after Democrats secured sweeping victories in the US midterm elections, dealing major setbacks to President Donald Trump and his Republican Party, Trump on Thursday (local time) blamed Democrats for losses in Americans’ 401(k) portfolios amid a deepening selloff in artificial intelligence (AI) and technology-related stocks.

In a social media post, Trump blamed Democrats for the market downturn, writing, “The Stock Market suffered one of the Worst Days in History based on the results of the Election. Such a sad thing to watch! 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. Remember, it wasn’t Republicans; it was Dumocrats. Do not fear; however, we will soon, one way or the other, be BIGGER AND STRONGER THAN EVER BEFORE. MAKE AMERICA GREAT AGAIN!”

This story will be updated with additional details.