Pam Bondi was just fired by Trump. Here’s how the stock market has fared since her infamous ‘Dow is over 50,000’ comment. – HealthImpactNews
Pam Bondi was just fired by Trump. Here’s how the stock market has fared since her infamous ‘Dow is over 50,000’ comment.
Did Trump fire Pam Bondi because she “jinxed” the Stock Market?
From MarketWatch:
Excerpts:
Seven weeks before President Donald Trump announced her departure from the Justice Department via social-media post, Attorney General Pam Bondi made a remark about the Dow Jones Industrial Average during a contentious hearing before the House Judiciary Committee that elicited laughter from Democrats and, later, a torrent of online comments and then memes.
Amid an exchange with House Democrats including Rep. Jamie Raskin of Maryland about her department’s handling of Jeffrey Epstein files and investigations, Bondi suddenly shifted to a discussion of the performance of the U.S. stock market.
“Because [of] Donald Trump … the Dow, the Dow right now, is over … the Dow is over 50,000. … I don’t know why you’re laughing, you’re a great stock trader as I hear, Raskin, the Dow is over 50,000 right now, the S&P [500] at almost 7,000 and the Nasdaq smashing records. Americans 401(k)s and retirement savings are booming,” Bondi said, adding: “That’s what we should be talking about.”
At the time, many wondered whether Bondi might have inadvertently top-ticked the market. In retrospect, her remark, made on Feb. 11, has marked at least a local top, as Wall Street professionals would call it. Since the closing bell rang that day, the Dow has fallen by 7.5% to 46,370, as of afternoon trading on Thursday, according to Dow Jones Market Data. The blue-chip average registered a closing peak of 50,188.14 on Feb. 10, a day before Bondi’s testimony.
Joseph Saluzzi, co-head of equity trading at Themis Trading, told MarketWatch that the comment immediately got people talking about whether Bondi had “jinxed” the market.
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