Over the last year, while President Joe Biden was in office, Trump took credit for stock market rallies as a vote of confidence in his electoral prospects. When the market dipped, he blamed Biden and Vice President Kamala Harris. And he predicted that if Democrats won the 2024 presidential election, the stock market would have crashed.

President Donald Trump downplayed the prospect of a recession days after previously dodging the topic during an interview that added to uncertainty circling Wall Street. “I don’t see it at all,” Trump told reporters on Tuesday at the White House.