Trump and the market
When the market is up, Trump likes to credit it to his economic policies and when the market is down he likes to find someone else to blame, like the Fed.
After being in office for some two years it is time enough to either give him credit or grief and to compare him to other recent presidents. Compared to the last half dozen presidents it looks like he is in the middle of the pack,with not really much to brag or much to complain about.
It is interesting to note that at this point in the Presidential cycle Obama has the best record on any recent President. Under Obama the market was up some 55% from his inauguration versus only some 25% for Trump.
Figure one
Somebody read your article. LOL
“The Trump Economy is setting records, and has a long way up to go….However, if anyone but me takes over in 2020 (I know the competition very well), there will be a Market Crash the likes of which has not been seen before!”
The market seems to take a hit every decade or so. So far it bounces back. I just wonder if Trump isn’t doing a little trading on the side. He certainly knows how to make the market drop on command, but it seems to recover quickly.
Interesting chart Spencer. And it seems it sparked the ire of a Trump troll (Dave Barnes). Never mind him. Now JaneE may be onto something here!
@Pgl,
I have never been called a Trump Troll.
Given that I hate The Dumpster® with every fiber in my body, I see myself more as a sarcastic dickhead.