Will Trump Step In To Save The Shaking Market In His 'CEO Meeting' Today?

As the S&P 500 index fell below its 200-day moving average for the first time, the index officially entered what has been referred to as the danger zone.

"Selloffs accelerate and swings get dramatically bigger in the danger zone - or the space below the 200-day moving average," said Callie Cox, chief market strategist at Ritholtz Wealth Management.

This makes President Trump's scheduled meeting with top business executives even more important.

According to previous media reports, citing sources familiar with the matter, the meeting will be held in Washington and organized by the Business Roundtable. Attendees will include CEOs from across the nation, as well as leaders of major Wall Street lending institutions.

Chuck Robbins, CEO of Cisco, currently serves as the chairman of the Business Roundtable, while banking executives such as Jamie Dimon, CEO of JPMorgan Chase, and Jane Fraser, CEO of Citigroup, are members of the organization's board.

In the past, the S&P 500 falling below its 200-day moving average has been enough to prompt intervention from the Federal Reserve or the White House to boost investor confidence. However, this time, analysts generally believe that the Trump administration may not act as quickly as it has in the past.

On the one hand, Treasury Secretary Scott Bessent explicitly denied the existence of a Trump put last week, stating that as the Trump administration implements spending cuts and its tariff agenda, the U.S. economy will go through a withdrawal period.

Meanwhile, In an interview with Maria Bartiromo on Fox Business, Trump did not deny the possibility of an economic recession, instead suggesting that the economy would undergo a transition period.

However, some analysts believe that if the stock market continues to decline, the Trump administration may still take action. For example, Mark Gibbens, an investment strategist at BOK Financial, says he still believes there is a "Trump put" for stock.

"I just believe it's lower than we thought at the beginning of the year," said Gibbens.