Trump aide predicts stock market stability by next month

A top aide to President Donald Trump, known as "The Oracle," predicts that stock market volatility will decrease by next month. James Blair, the Deputy Chief of Staff for Legislative, Political, and Public Affairs, shared his views on Politico's “Deep Dive” podcast. He believes recent stock market corrections do not signal long-term issues. Blair noted that the trend over time is what really matters. He expects stability to return as tariff policies become clearer. He stated, "As we get into April, the volatility will settle down a little bit," emphasizing the importance of understanding market dynamics. Last week, the stock market ended a four-week losing streak, with the Dow, S&P 500, and Nasdaq Composite all showing gains. This followed the Federal Reserve's decision to keep interest rates steady, which helped boost investor confidence. However, concerns remain about upcoming tariffs expected to be enforced on April 2. Treasury Secretary Scott Bessent also expressed optimism, saying the market's long-term outlook is strong if sound policies are put in place. He indicated that good tax policy, deregulation, and energy security will support market growth despite current fluctuations. Blair attributed some market issues to government spending, although data showed increased spending during Trump's first month in office compared to the previous year. He assured that plans for deregulation and tax relief will come soon to create stability for businesses, allowing for better planning moving forward.