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Did the Media Notice That the Stock Market Recovered?

AP Photo/Mike Stewart

A month ago, the media lit everybody's hair on fire about the retreat in the stock market after "Liberation Day."

Stocks dipped--by a pretty large margin--as the uncertainty introduced into the marketplace spooked investors for a couple of weeks. In response, the media and the left went absolutely wild, telling us that this proved that Trump was recklessly ruining the economy and that all retirees would die in penury because stocks had dropped to...2024 levels, at which we were told that the DJIA proved that Biden was a great economic tactician and that Bidenomics was working. 

The whole propaganda campaign was a stupid, coordinated propaganda campaign, and the proof of that obvious fact is that the market has, in a month, completely recovered. The recovery itself is proof of very little, other than that the dip was a typical Wall Street reaction to any change, which is to go into a buying or selling frenzy. If you make your living on daily trading, every day is a good day to panic or rejoice.

The failure to cover the dramatic upswing in the markets is proof that this was all propaganda. If the drop was a crisis, then the recovery, one would presume, is cause for celebration. A celebration that has not appeared, because nobody who was making these absurd claims believed them. They were just interested in hitting Trump with whatever they could. 

Short-term market moves do not prove anything but that traders don't invest; they gamble. Longer-term market moves tell you more about the economy, or at least the profit prospects of the companies in it. 

People who don't pay attention to anything but the headlines have the impression that Trump's tariffs have tanked the markets and are destroying the economy, but so far, the evidence for either is thin on the ground. The fact that the media is ignoring evidence that contradicts their narrative is all about shaping the information battlefield with low-information voters. 

The markets are doing just fine, and job creation is blowing away expectations. The blaring headlines screaming CRASH! have not been replaced with THANK GOD TRUMP HAS SAVED US!, or even "that crash never happened." 

The fact that markets have recovered isn't proof that Trump's tariff policies are working. A month, more or less, of economic performance tells you little to nothing. The proof will be in the pudding, which won't be ready for a year or more. Until a bunch of trade deals are made and those promises of investment in US manufacturing are fulfilled--Trump certainly has collected an impressive array of promises to invest trillions of dollars here--everything being said on either side of the argument is pure speculation. 

If Trump's policies, which are aimed at a long-term reshaping of world trade, work, then it will be a miracle that the media will try to bury. 

There is only one story for the Pravda Media: Orange Man Bad. It doesn't matter whether his policies are good, bad, or indifferent in their results; the only news you will see is critical of him. 

I don't think Trump is a miracle worker who is always right, but by now, I know that the only smart way to read media stories about him is to look at what they are not telling you. Pretty much everything they say is distorted, invented, or omits important context. Even when they are telling you the "truth," they are lying because they only tell you what they want you to hear. 

Think of "Maryland Man" whenever you read a story about Trump or his administration. Abrego Garcia indeed lived in Maryland, but after that one fact, they told you everything else was a lie by commission or omission. 

That's Trump coverage in a nutshell. Even when it is "true," it is bulls**t. 

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