President Donald Trump predicted that the US stock market is "going to go through the roof" after ringing the opening bells for the New York Stock Exchange and Nasdaq from the Oval Office on Monday.

The highly visible ceremony was designed to cement the association between the Trump administration and the ongoing rally in Wall Street equities.

By broadcasting the event directly from the White House, the president sought to frame the market's upward trajectory as a direct result of his economic policies.

Trump has previously asserted that the recent gains in equity markets are delivering benefits to the broader population, using the rally as evidence of widespread economic prosperity.

The remarks come as the administration continues to highlight financial market strength as a key metric of its success.

Market participants will be watching to see if the president's optimistic outlook translates into sustained buying interest or if the rally faces headwinds from broader macroeconomic data.