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Trump Downplays Market Dip, Predicts Stocks Will Double

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President Donald Trump dismissed the recent equity pullback as "peanuts" during his World Economic Forum appearance in Davos, forecasting stocks will "double" over time. His remarks briefly lifted S&P 500 futures from premarket losses, with traders noting a more conciliatory tone from the president.

Trump criticized the market's tendency to fall on positive economic data, contrasting it with past rallies. He also reignited speculation over monetary policy leadership, stating a new Federal Reserve chair would be named soon and calling current Chair Jerome Powell "terrible." This comments refocused attention on the future of interest rates.

Nuclear energy stocks rallied in premarket trading after Trump emphasized the sector's role in his economic strategy, stating the U.S. is "very much into the world of nuclear energy." This follows a broader market reaction where equities reversed early losses, reflecting investor sensitivity to presidential commentary on both policy and economic direction.