Morgan Stanley reports Trump’s posts no longer move markets

Remember when a single Trump tweet could send the Dow spiraling 500 points in either direction? Those days appear to be over. Morgan Stanley equity strategist Ariana Salvatore flagged on July 17, 2026, that the president’s social media posts now pose “reduced risks” to equities, mainly affecting intraday trading rather than triggering the kind of sustained market swings that defined earlier years of his presidency. The desensitization timeline The turning point, according to Morgan Stanley’s analysis, traces back to the post-April 2025 period. That’s when the so-called “Liberation Day sell-off” rattled markets badly enough to serve as a kind of collective learning experience for investors. After that episode, posts about trade tariffs, the Fed, and geopolitical tensions like the Iran conflict gradually lost their ability to generate panic or euphoria at scale. Between July 17 and 19, 2026, Morgan Stanley observed that markets were largely unmoved by a stretch of posts covering exactly the topics that would have caused chaos two years ago. JPMorgan’s research independently arrived at the same conclusion. The bank found that Trump’s communications cause “negligible reactions” in bond...