Trump's Market Grip Unprecedented. Since taking office 15 months ago, President Donald Trump's statements and social media posts have driven the five best and worst days for the S&P 500 Index, according to Fundstrat Research analysis. This level of influence over markets is unmatched by any modern American president across the past dozen administrations. Economic strategist Hardika Singh notes the president has "the market in a chokehold," which is completely unprecedented. Recent volatility demonstrates this control clearly. The S&P 500 plunged 1.5% on March 20 when Trump opposed ceasefire talks with Iran, then surged 2.9% on March 31 after he signaled negotiations were progressing well. The index experienced its fastest V-shaped recovery since 2020, dropping 9% before rallying back to all-time highs in just 11 trading days.
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