Trump vs Pelosi: United States President Donald Trump has launched a fresh attack on former Speaker of the US House of Representatives, Nancy Pelosi, accusing her of using “inside information” to gain an advantage in the stock market.
In a post on his Truth Social platform, Trump described Pelosi as a “disgusting degenerate” and claimed that she and her husband “beat every hedge fund in 2024”.
He alleged that “these two very average ‘minds’ beat ALL of the Super Geniuses on Wall Street, thousands of them,” suggesting that such success could only come from insider trading. Trump asked whether anyone was “looking into this?”.
Pelosi has previously faced criticism from political opponents over her husband’s stock trades, though she has repeatedly denied any wrongdoing and no official charges have been brought.
US stock market impact
Trump’s latest comments could ripple through the US stock markets, particularly as they involve high-profile allegations against one of the most powerful political figures in Washington. The reference to hedge funds and Wall Street may prompt investors to reassess their positions, especially in financial sector stocks.
Market analysts say that even without evidence, high-visibility accusations like these can generate short-term volatility, with traders reacting to headlines before verifying the facts.
Stocks to watch
Several financial instruments could see movement in the wake of Trump’s remarks. Intercontinental Exchange Inc. fell 0.86%, while Nasdaq OMX gained 0.41%. The Financial Select Sector SPDR Fund rose 0.93% and the Vanguard Financials ETF climbed 0.89%, reflecting mixed sentiment in financial markets as Trump’s Pelosi insider trading allegations stirred volatility, particularly in stocks tied to exchanges and financial services.
While the exact impact remains uncertain, investor sentiment in the financial sector could be affected if the allegations gain traction in political or regulatory circles.
The accusations come amid an intensifying election season in the United States, where both Trump and Pelosi remain central political figures.