Sources
Arthur Hayes
A large % of Trump's base don't own lots of financial assets. I think schadenfreude amongst those who don't own stonks vs. those who do, is quite strong and hence Trump can go to the mat with these tariffs confident he is popular with those who matter to him. https://t.co/hmI0LhwgRb
comfy capital 62% of US adults own stocks. That’s a lot of unhappy constituents
Jordan Schachtel Approximately 62% of American adults are invested (directly or indirectly) in the stock market. The idea that the stock market is not the economy might be something that gets a lot of likes on social media, but it is a silly take and akin to political seppuku.
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