Barclays Says the “Trump Put” is Fading as Markets Tune Him Out

Barclays says President Trump’s ability to calm markets—often referred to as the “Trump put”—is losing its effectiveness.

Barclays warned that the longer the oil shock persists, the more severe the stagflationary risks become. (Photo: Bajajvikram, Wikimedia Commons) 

His attempts to talk down oil prices and support equities are increasingly being ignored as the war in Iran drags on, Naomi Buchanan reported for Business Insider.

Analysts noted that while Trump’s de-escalation rhetoric previously helped buoy markets, repeated shifts in messaging and headline fatigue are undermining investor confidence.

Stocks fell and oil prices rose during Friday’s session, extending losses from the previous day.

The Nasdaq 100 slipped into correction territory, down more than 10% from its peak, as the tech sector continued to sell off. Barclays warned that the longer the oil shock persists, the more severe the stagflationary risks become.

While markets initially responded to Trump’s comments earlier in the week, gains quickly faded when expectations were not met—a pattern that repeated multiple times.