Trump says US took ‘giant step back in history’ after Democrats’ midterm victory

US president Donald Trump has blamed the Democrats’ sweeping victory in the midterm elections for a $3 trillion wipeout in stock market value, saying America had “taken a giant step back in history” but promising that his party would return “bigger and stronger than ever before”.In a post on Truth Social, Trump said the market had suffered a one-day loss of $3 trillion despite having performed like a “rocketship” under his presidency.“America took a giant step back in History with the results of the last Election — Even the Stock Market, which has been a ‘ROCKETSHIP’ under ‘TRUMP,’ took a one day, 3 Trillion Dollar loss,” he wrote, before adding: “But have no fear, we will be back, BIGGER AND STRONGER THAN EVER BEFORE!”It was not the first time Trump had attributed the market decline to the Democratic victory.