Following a market crash dubbed “Orange Monday,” Rep. Marjorie Taylor Greene purchased stocks totaling potentially $285,000 in several companies, including Apple and JP Morgan Chase, at their lowest points in recent history. These transactions, disclosed within the legally mandated timeframe, have prompted calls for an investigation into potential insider trading from prominent Democrats, including Representatives Alexandria Ocasio-Cortez and Gregorio Casar. The purchases occurred shortly after President Trump announced new tariffs, leading to accusations of Greene benefiting from privileged information. Public reaction has been swift and negative, with social media users and some financial analysts questioning the timing and legality of her trades.
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Major U.S. stock indexes experienced significant drops on Monday, with the S&P 500 briefly entering bear market territory, driven by uncertainty surrounding President Trump’s tariff policies. A short-lived market upswing followed unsubstantiated reports of a tariff pause, quickly dismissed by the White House. Despite a partial recovery, significant losses remain across all major indices, fueling social media commentary dubbing the event “Orange Monday” in reference to Trump’s perceived role in the market downturn. Critics largely attribute the market crash to Trump’s economic policies rather than natural market fluctuations.
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Dave Portnoy, the controversial figure known for his online persona and outspoken political views, recently dubbed the stock market downturn “Orange Monday.” This moniker, a clear reference to the association of the color orange with former President Trump and the MAGA movement, highlights the growing unease among some Trump supporters as the economic consequences of certain policies become more apparent.
The term itself reflects a shift in sentiment, at least for some. While Portnoy has been a vocal supporter of Trump in the past, “Orange Monday” suggests a dawning recognition that the economic landscape isn’t aligning with previous expectations. The playful, yet pointed, name implies a level of frustration and perhaps even regret, casting a satirical lens on a situation that’s far from humorous for many investors.… Continue reading