Trump said he would not make an announcement in the stock market if there was a “jump.”

After Ringing the opening bell on the New York Stock Exchange on Thursday, the candidate for president Donald Trump he stopped short of telling investors to buy more shares as he prepares to take office.

“I don’t want to get into a situation where we have a dive or something, because it could always happen,” Trump told CNBC. Jim Cramer meanwhile”Screaming in the street.”

Trump repeatedly used the stock market as a barometer of performance during his first term. At that time, S&P 500 it rose nearly 68%, reaching an all-time high. Part of that was due to the corporate tax cuts the administration passed at the time. The Federal Reserve also kept interest rates near historic lows at the time as it tried to boost inflation while also boosting stock prices.

On Thursday, he opened up the possibility of lowering taxes again in exchange. “We will do things that have not been done before. We will reduce taxes further,” he said. “You pay 21% if you don’t build it here. If you do, we’ll try to get to 15%, but you have to build your product, make your product in the US.”

Wall Street CEOs and investors such as Goldman Sachs’ David Solomon and Pershing Square’s Bill Ackman flocked to the NYSE for Trump’s bell-ringing event. Ackman later told CNBC that “most countries understand that the more successful businesses are, the more the stock markets go up, the more wages go up, the more jobs grow, the more opportunities, the more businesses come to that country.” to this. , raises all ships”.

To be sure, while Trump hasn’t told investors to buy stocks, he maintained a positive longer-term outlook.

“I think in the long run this is going to be a country like no other. Before Covid came we had the best three years ever,” he said after being named Time Magazine’s “Person of the Year”.

—with reporting by Yun Li