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Zorro

(15,922 posts)
Sat Dec 28, 2019, 02:08 PM Dec 2019

Trump's stock market rally is very good, but still lags Obama and Clinton

U.S. stocks are closing out a terrific year and President Trump loves it. He’s bragged about the stock market hitting record highs six times this week alone on Twitter.

On Friday, be boasted “Trump stock market rally is far outpacing past U.S. presidents,” and he vowed that the “BEST IS YET TO COME!” Trump is making the economy and stock market a key focus on his reelection campaign. He often likes to claim this is the “best” or an “unprecedented” scenario, even when that is not the case.

While the stock market has performed well under Trump, it is not an unprecedented performance. Trump’s stock market returns still lag behind Obama and Clinton at this point in their first terms.

The Dow Jones industrial average has gained about 45 percent since Trump was sworn in nearly three years ago. The Dow was up about 53 percent at this point in Obama’s presidency and a whopping 57 percent in Clinton’s early years in office. How much credit presidents deserve for market gains — or losses — remains a big debate, but Trump points to the stock market frequently as a barometer of how he’s doing as president.

https://www.washingtonpost.com/business/2019/12/28/trumps-stock-market-rally-is-very-good-still-lags-obama-clinton/

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