Businessman Kevin O’Leary largely dismissed the idea that President Donald Trump gave insider trading to his supporters and allies, suggesting the president was “celebrating entrepreneurship” among consumers concerned over the stock market.
On Wednesday morning, Trump posted to Truth Social that “THIS IS A GREAT TIME TO BUY” on the stock market, just a few hours before it rebounded as he delayed most of his tariffs on other countries. While some Democrats, including Sen. Chris Murphy (D-CT), have accused the president of providing insider trading, O’Leary disagreed, arguing Trump claimed it was a good time to buy and the market proceeded to go up “just as likely it goes down.”
“He’s telling people to go buy the American index; the president’s supposed to do that!” O’Leary
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