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.
Trump’s claim that stocks are “far outpacing” what occurred under prior presidents is based off a CNBC article that uses data from Bespoke Investment Group showing that stock market performance under Trump is better than the typical gains for a president’s initial three years in office. Bespoke did not claim that Trump is presiding over the best gains of all time.
Loudmouth Schnook
Article URL : https://www.washingtonpost.com/business/2019/12/28/trumps-stock-market-rally-is-very-good-still-lags-obama-clinton/