Unfortunately, tragic historical events consistently impact international affairs. The recent assassination attempt on former President Donald Trump on July 13th proved this true.
Not only did the United States understand the complexity and repercussions of the dangerous attack, but there were implications across the globe. These impacts reflect how American politics continues to dominate the global sphere.
International and Domestic Stocks
Within days, the stock market in Europe reflected the significance behind the assassination attempt on Trump.
The week following the 13th, European stocks were nearly 1% lower, as the chaos that erupted in the United States caused worldwide shock.
According to CNBC, European markets were hit hard. Stoxx 600 closed 1% lower, household goods were down 2%, and utilities lost 1.9%.
However, stocks in the United States reacted a little differently. The Dow rose 210 points following the assassination attempt.
Humana and UnitedHealth Group both rose following the attack. The companies could benefit from Republican success during the election, as they face fewer cost pressures.
The rise in these companies indicate how the country prepared for Trump’s campaign to benefit from the attack, even though it was an act of political violence.
Part of this rise was due to investors believing that Trump’s survival of the assassination attempt would lead to major success within the Republican party during the 2024 election.
Following the assassination attempt, there were strong beliefs that the failure would increase Trump’s electoral chances. The photo of Trump defiantly raising his fist in the air during the attack rallied support and strength across his voters.
World leaders showed support for Trump, indicating across the political spectrum that they are against political violence and have no tolerance for such acts.
Israel’s Prime Minister Benjamin Netanyahu said that the attack, “wasn’t just an attack on Donald Trump. This was an attack on a candidate for the presidency of the United States. This was on attack on America. It was an attack on democracy, it was an attack on all democracies.”
The stock market is known to fluctuate based on major events, ranging from social changes to political. Unfortunately, the state of the market is not as stable as most would hope.
Some of the stocks that changed the most following the attack were crypto stocks, gun stocks, and Tesla.
Additionally, Tesla may appear to be a random corporation impacted by the violence, Tesla’s CEO Elon Musk endorsed President Trump’s presidential campaign.
“I fully endorse Donald Trump,” said Musk.
However, Musk clarified that he wanted the success of America to come first. He pushed for “Make America Greater” instead of “Make America Great Again.”
Impact for Entrepreneurs
The attack on the former president illustrates that even though the world may seem to stop during times of chaos, it never does. There are rippling effects that are felt throughout the globe.
Those that succeed in the good and bad times are individuals that learn how to adapt and adjust to their situations. People that can recognize patterns and relationships are able to make smarter decisions.
Entrepreneurs need to be able to lead and take-charge during times of crisis. The difference between weak and strong leaders shows during high-intensity situations.
Although entrepreneurs may face different problems than world leaders, there are many lessons that can be learned from their experiences.
The importance of remaining calm is one of the most significant takeaways from the recent violent political attack. As Trump remained calm in the face of chaos, he was able to build a stronger reputation for himself and prove that he is a force to be reckoned with.
Likewise, remaining stable during stressful events in one’s own life can have similar repercussions.
