9/7/2023 0 Comments Trumps red button tweet![]() ![]() Claiming to be a victim of "wildly aggressive censorship," Trump announced the formation of a social media firm called Trump Media and Technology Group in October, with plans to go public by merging with a blank check company called Digital World Acquisition Corp. Trump was permanently banned from Twitter two days after the January 6, 2021, Capitol riot, in connection to posts that Twitter said incited violence. Many media outlets concluded that Trump intended to write the phrase “constant negative press coverage.” However, White House Press Secretary Sean Spicer chafed at the notion that the garbled late-night tweet contained a typo: “I think the president and a small group of people know exactly what he meant," he said. But according to Timothy Ash, a senior strategist at BlueBay Asset Management, the lack of distress likely has more to do with the fact that investors have come to regard the president as a complete blowhard whom they muted long ago.The “COVFEFE” hashtag alludes to a now-infamous 2017 tweet in which Trump wrote, “Despite the constant negative press covfefe,” provoking much debate about Trump’s intended meaning. How to account for investors’ breezy, carefree attitude about the risk of Armageddon? For starters, it could have something to do with the fact that it’s widely known that the red button on Trump’s desk does not actually initiate nukes, but rather alerts someone on staff that he needs another Coke. Wall Street’s “fear gauge,” was up slightly, the Dow, S&P 500, and NASDAQ all hit record highs before closing out at 24922.68, 2713.06, and 7065.53, respectively. But in this case, investors were apparently unmoved by the fact that Trump instigated the nuclear-weapons version of a pissing contest. ![]() In a prior age, the president essentially threatening to nuke a country where asking whether its dear leader really learned to drive at age three could land you in front of a firing squad would merit some response from Wall Street and the global markets. This content can also be viewed on the site it originates from. ![]()
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