No one heard of it. It will be a record: Donald Trump is calling for a victory for the marketing market

• President Trump has stopped for 90 days on aggressive tariff policies The market recovery sparked, which allowed him to claim credit for what he called “the largest day in financial history”, although the markets are not fully recovered from the previous losses. Critics argue that politics sheds light on the wrong leadership, as analysts indicated that the market recovery was more reaction to the previous economic damage than to verify the validity of the Trump strategy.

President Trump has returned to talk about the markets, and before thanks for the support that was seen over the past 12 hours after he announced a 90 -day stoppage on some customs tariff policies.

“I think they say it was the largest day in financial history,” President Trump He told reporters At the White House on Wednesday, after the S&P 500 jumped with more than 9 % within hours after the announcement.

In response to praise that the markets have recently seen his “brilliance”, Trump then told a blow from the members of the Senate: “Nobody heard about it before. It will be a record.”

Trump may ring the hero to play for Wall Street for the hollow of some analysts who argue that the gains can only be achieved due to the huge losses that were exposed to the president’s foreign policy.

When President Trump announced a set of policies on April 2-which included a 10 % global tariff for all countries in addition to the country’s sanctions on countries, including Japan, the European Union and India-floats to simulate markets.

The S&P 500 decreased around 12 % between April 2 and April 8, and the NASDAQ that was exposed to more than 13 % during the same period.

Flip-Flap in the policy of identifying tariffs means that all countries will now face 10 % global tariff in the foreseeable future, although the tariff for China has increased to 125 %.

The markets wore the news, as the Trump administration enjoys the victory roll, although the markets are not returning to the levels before April.

Caroline Levitt, the White House press secretary, said the markets and the media have failed to understand the oval office tactics.

She said: “Many of you in the media were absent from the art of the deal clearly. I clearly failed to know what President Trump is doing here.” “The whole world describes the United States of America, not China, because they need our markets, need our consumers, and they need this president in the Oval Office to speak with them.

“This is exactly the reason why more than 75 countries have contacted it because the United States is the best place in the world to do business.”

President Trump also rejected the questions that he – is now repeated – from the threat of definitions, and then stopping them reduces his credibility. “It is not a matter of that,” he said. “You must have flexibility.”

Welcomed by nervous investors

This step has been welcomed by those who have become increasingly nervous from the customs tariff plot.

Bill Akman, who has so far supported the policies of the president, Posted on Sunday “The president loses the confidence of business leaders all over the world.

He added, “The consequences of our country and millions of citizens who support the president-in particular consumers with low incomes who suffer from a large amount of economic tension-are very negative,” he added. “This is not what we voted for.”

But the reflection in politics won the CEO of Pershing Square, as he mentioned on Wednesday: “This has been brilliantly implemented [Donald Trump]. School book, the art of the deal. ”

The observation is supposed to indicate the fact that the president wrote a book entitled “The art of the deal.”

He justified his renewed confidence in the White House Explanation of tactics He had got rid of the favorite commercial partners, with China appeared as a “bad actor”.

Akman added: “Our opposite parties also enjoy the taste of what life is if they do not download their commercial barriers.” “This is the ideal preparation for commercial negotiations for the next ninety days.”

What do the markets say

Analysts can breathe a sigh of relief – for at least three months – because a temporary stop has delayed some of the most extreme predictions about the repercussions of the tariff policy.

Stagnation fears, for example, were crawling while inflation expectations increased.

Although these results were not postponed forever, at least Wall Street has a window of time that can hope to announce new trade deals with the main partners, which improves the economic view in general.

But analysts also explain that Trump’s decision to stop may be guided by markets, not the other way around.

“It was only a matter of time before the markets were forced by President Trump … However, it seems that the intense sale of American bonds this week was what prompted the president to implement one of the largest repercussions of economic policy in modern history.”

“It allows the discontinuation of the definition of strategic negotiations, which is good news, but the most important factor for the global economy is still in an escalation mode – this trade war does not revolve around the United States against China … Moreover, the markets may overlook the fact that the 10 % customs tariff for everything is not something, and the reality is more uncertainty in clarity for three months.”

“President Trump’s decline in commercial taxes took less than 24 hours. However, tax taxes have increased from China, and global import tax remained by 10 % in place,” said Paul Donovan, the chief economist in UBS, in a note that was seen before luck. “No one of these taxes was a week ago, and American consumers will have to use income to pay them.

“The big lessons of this: the policy remains very severe; political efficiency will be interrogated by the markets – a chaotic confusion about the definitions of Mexico, and Canada indicates that there is no major plan; the winning strategy for everyone is to hang strongly and wait for Trump to retreat. The frequent uncertainty of politics will hinder investment in the United States.”

This story was originally shown on Fortune.com