On April 9th, a significant announcement from U.S. President Trump has reverberated through financial markets as he declared a 90-day tariff suspension. Coinciding with this declaration, Trump tweeted, “Now is a great time to buy stocks!” followed by “DJT,” leading to widespread speculation regarding potential insider trading. This has raised eyebrows among senators, prompting calls for a congressional investigation into possible market manipulation or improper conduct by the President.
In an intriguing turn, the abbreviation “DJT,” which aligns with the stock symbol of Trump’s media company, has gained significant attention. Historically, Trump rarely uses such acronyms, which adds to the scrutiny surrounding his online communications. Following the announcement, shares of the Trump Media & Technology Group experienced a remarkable surge, climbing nearly 22% post-announcement and an additional 5% in early trading the next day. Notably, this resurgence comes after Trump’s wealth took a substantial hit, with a reported decline of $1 billion largely attributed to the previous tariff proposals.