DJT trading halted after stock plunge after Trump remarks

Trading of Tump Media & Technology Group (DJT, DJTWW) shares was halted after the stock plunged while former President Donald Trump was speaking about his economic policy proposals at the Economic Club of Chicago.

Julie Hyman and Josh Lipton comment on the volatile nature of the DJT stock whenever Trump makes headlines.

To watch more expert insights and analysis on the latest market action, check out more Market Domination here.

This post was written by Luke Carberry Mogan.

Video transcript

Trading in Trump Media shares briefly halted due to volatility after the true social owner stock suddenly plunged in price.

The stock, which had been up more than 13% on the day, then abruptly turned more than 6% lower at the time the halt occurred.

The stock has continued to drop since former President Donald Trump was speaking at the Economic Club of Chicago when the drop began.

The Republican presidential candidate defending his economic policies to credit for President Biden's economy, take a listen at the moment.

There is a thing called the Trump trade in the markets.

Do you know what that is?

The trump trade is very simple.

People are betting that your policies are going to drive up debt.

They're going to drive up inflation, so they're going to drive up inflation, interest rates.

Are the investors wrong?

Yeah, I had four years, no inflation.

I had four years, no inflation.

But that was That was when you had much.

I had four years.

It's better than that.

And Biden, who has no idea where the hell he is, OK?

Biden went two years with no inflation because he inherited from me and then they started spending money like drunken sailors.

So why the drop?

Exactly?

Um, you know, I'm not sure we know this name is It's hyper volatile, right?

I mean, it was I think the high was 79 earlier this year and nose died below 12 and then hit another rally, but kind of all over the place in today's trade.

Yeah, it seems to be, you know, usually we talk about it.

It's sort of linked to how people perceive his chances.

I don't know what this means.

Like he didn't get a good grade on the interview.

Or if that's probably reading too much into it that you know it, it's This is like it's a meme stock.

So you can't really attribute too much.

All the fundamental?

Exactly.

Yes, Yes, exactly.

Thank you for summarising on vibes on vibes.