Donald Trump, Trump
Donald Trump.
  • Donald Trump claimed credit for the stock market's surge to record highs this month.
  • The former president said investors are betting he'll be re-elected this year and stocks will rise.
  • Trump predicted in 2020 that a Biden presidency would cause a devastating market crash.

Stocks have surged to record levels this year, not because of potential interest-rate cuts or recession relief, but because investors are betting on Donald Trump to be re-elected — at least according to the former president.