{"id":"1794016174303-money-segment","slug":"trump-blames-democrats-for-market-crash","title":"Trump blames Democrats for market crash","summary":"On Nov. 5, 2026, U.S. stocks suffered their worst session since April 2025. The Dow fell 1,833.06 points, or 3.44%, to 51,523.06; the S&P 500 dropped 334.89 points, or 4.36%, to 7,353.73; and the Nasdaq Composite lost 1,421.52 points, or 5.52%, to 24,315.00. The Nasdaq closed in correction territory. All 11 S&P 500 sectors fell, Nvidia dropped more than 9%, and Micron and AMD fell roughly 17% each. After the close, Trump posted on Truth Social blaming Democrats for the selloff.\n\nReporting tied the drop to investor fears that Democrats' midterm sweep would slow AI data-center construction and tighten oversight of the AI build-out. The same election results had lifted the broad market the day before, however, and Qualcomm's and Arm's earnings, as well as an AI-stock slide that predated the vote, were also cited as causes.\n\nTrump did post that on Nov. 5, 2026, and the market numbers are basically accurate: Dow -1,833 points (-3.44%), S&P 500 -4.36%, Nasdaq -5.52%. But the market did not fall solely because Democrats won: the same results initially sparked a rally on Nov. 4, and chipmaker earnings plus AI/data-center worries were also cited as triggers.","publishedAt":"2026-11-07T01:49:34.303Z","channel":{"id":"money","name":"Oncast Money","language":"en"},"show":"Money Tonight","verification":{"status":"verified","leadVerdict":"MISLEADING","notes":"MISLEADING: Trump did post that on Nov. 5, 2026, and the market numbers are basically accurate: Dow -1,833 points (-3.44%), S&P 500 -4.36%, Nasdaq -5.52%. But the market did not fall solely because Democrats won: the same results initially sparked a rally on Nov. 4, and chipmaker earnings plus AI/data-center worries were also cited as triggers.\nSource: [thecrosscheck.org](https://thecrosscheck.org/factcheck/2026-11-05-trump-stock-market-worst-days-election-factcheck/) (https://x.com/sentdefender/status/2118697823138877579)","claims":[{"verdict":"MISLEADING","summary":"Trump did post that on Nov. 5, 2026, and the market numbers are basically accurate: Dow -1,833 points (-3.44%), S&P 500 -4.36%, Nasdaq -5.52%. But the market did not fall solely because Democrats won: the same results initially sparked a rally on Nov. 4, and chipmaker earnings plus AI/data-center worries were also cited as triggers.","sourceName":"[thecrosscheck.org](https://thecrosscheck.org/factcheck/2026-11-05-trump-stock-market-worst-days-election-factcheck/)","sourceUrl":"https://x.com/sentdefender/status/2118697823138877579","claim":"President Donald J. Trump posted on Truth Social last night that “The Stock Market crashed today because the Dumocrats had a big Tuesday — So sad to see, you only have yourselves to blame!” Yesterday, the Dow fell 1,833 points (3.4%), the S&P 500 fell 4.4% and the Nasdaq http","author":"OSINTdefender (@sentdefender)"}]},"sources":[{"url":"https://x.com/sentdefender/status/2118697823138877579","name":"[thecrosscheck.org](https://thecrosscheck.org/factcheck/2026-11-05-trump-stock-market-worst-days-election-factcheck/)","kind":"x","verdict":"MISLEADING","author":"OSINTdefender (@sentdefender)"}],"url":"https://oncast.fm/story/1794016174303-money-segment-trump-blames-democrats-for-market-crash","listenUrl":"https://oncast.fm/c/money","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1794016174303-money-segment-trump-blames-democrats-for-market-crash","cite":"Cite https://oncast.fm/story/1794016174303-money-segment-trump-blames-democrats-for-market-crash and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Bill","text":"Donald Trump says the stock market crashed because, quote, \"the Dumocrats had a big Tuesday.\""},{"host":"Adam","text":"He actually wrote \"Dumocrats\"?"},{"host":"Bill","text":"OSINTdefender on X flagged the Truth Social post."},{"host":"Bill","text":"The full line: \"So sad to see, you only have yourselves to blame.\""},{"host":"Adam","text":"Poetic. But the numbers were ugly."},{"host":"Adam","text":"Dow down 1,833 points. S&P 500 down four-point-four."},{"host":"Adam","text":"Nasdaq down five and a half."},{"host":"Bill","text":"One of the worst sessions in recent memory."},{"host":"Bill","text":"Nvidia dropped more than nine percent."},{"host":"Bill","text":"Micron and AMD each fell around seventeen percent."},{"host":"Adam","text":"But saying it crashed because Democrats had a big Tuesday? Not the whole story."},{"host":"Bill","text":"Come on, the election spooked the market."},{"host":"Bill","text":"A Democratic sweep raises the odds they slow data-center construction."},{"host":"Bill","text":"That fear is real."},{"host":"Adam","text":"The same election results initially sparked a rally on November fourth."},{"host":"Adam","text":"The broad market went up when the results came in."},{"host":"Bill","text":"So the market liked it for one day, then thought about regulation."},{"host":"Bill","text":"That's still Democrats."},{"host":"Adam","text":"No, because chip earnings mattered too."},{"host":"Adam","text":"Qualcomm and Arm reported lackluster numbers."},{"host":"Adam","text":"The AI-stock slide started before the vote."},{"host":"Bill","text":"Arm and Qualcomm are not Nvidia."},{"host":"Bill","text":"The selloff was about Washington, not a few chip names."},{"host":"Adam","text":"It was about the AI build-out overall—earnings, data-center fears, all of it."},{"host":"Adam","text":"You can't pin an 1,800-point Dow drop on one election result."},{"host":"Bill","text":"I'm not saying it's one thing."},{"host":"Bill","text":"Trump has a point in blaming Democrats for spooking the AI trade."},{"host":"Adam","text":"He didn't say it was one factor."},{"host":"Adam","text":"He said it crashed because Democrats had a big Tuesday. That's false."},{"host":"Bill","text":"Fine. The president rounds the truth like a press release."},{"host":"Bill","text":"But the worry is legitimate: if Democrats slow data centers, AI spending doesn't pay off as fast."},{"host":"Adam","text":"That's a fair worry. But then say that—not \"you only have yourselves to blame.\""},{"host":"Bill","text":"You want a president who writes nuanced footnotes during a market rout?"},{"host":"Adam","text":"I want a president who doesn't blame voters for a selloff that also had earnings behind it."},{"host":"Bill","text":"Good luck. The market's a political weapon now."},{"host":"Adam","text":"A reply in the thread from Mike Eagan caught it."},{"host":"Adam","text":"\"So it crashed on Thursday because of what happened on Tuesday?\""},{"host":"Adam","text":"\"And we’re just ignoring what happened Wednesday?\""},{"host":"Bill","text":"That's exactly the problem. Everyone picks the day that fits their politics."},{"host":"Adam","text":"Or their portfolio."},{"host":"Bill","text":"Here's the real point. The market is reacting to policy risk, not just earnings."},{"host":"Adam","text":"It's reacting to a giant AI spending bet that already looked shaky before the election."},{"host":"Bill","text":"If Democrats slow data-center construction, that bet gets shakier."},{"host":"Adam","text":"I'm not dismissing the policy risk. I'm saying the president's post made it sound like voters caused the crash."},{"host":"Bill","text":"He didn't say voters caused it, though. He blamed Democrats for the Tuesday result."},{"host":"Adam","text":"\"You only have yourselves to blame\" is directly to the people who voted."},{"host":"Bill","text":"He's the president. He's allowed to be annoyed that a bad election outcome hit the market."},{"host":"Adam","text":"He's allowed to be annoyed, but not to rewrite why the market fell."},{"host":"Adam","text":"That matters for anyone trying to understand their retirement account."},{"host":"Bill","text":"Anyone watching their retirement account just sees red. They don't care if it was earnings or the election."},{"host":"Adam","text":"They should care. If it's earnings, it's one problem. If it's policy, it's another."},{"host":"Bill","text":"Both get fixed by the market eventually. The president can't fix either by posting."},{"host":"Adam","text":"No, but he can get the headlines."},{"host":"Adam","text":"Speaking of the overnight chaos: OnlyOptionsTrades on X claims Nasdaq futures dropped about eight hundred points as the midterm results came in."},{"host":"Bill","text":"Then what?"},{"host":"Adam","text":"It says futures then surged more than a thousand points off the overnight low."},{"host":"Adam","text":"I haven't confirmed that exact path."},{"host":"Adam","text":"But the cash market did rally sharply on November fourth after the results."},{"host":"Bill","text":"So the market threw a fit, then remembered it liked gridlock? Or maybe it liked Democrats?"},{"host":"Adam","text":"The post says the selloff didn't last. That's the point. One day's crash isn't a clean verdict on an election."},{"host":"Bill","text":"Or the market is whipsawing because nobody knows what Washington will do to AI. That's worse."},{"host":"Adam","text":"It's volatility. A drop of eight hundred points recovered by a thousand isn't a mandate."},{"host":"Bill","text":"Fine. But when the Dow falls 1,833 points the next day, people remember that, not the overnight bounce."},{"host":"Adam","text":"Because the president posted about it. That's exactly why."}]}