President Trump loves to brag about the stock market’s performance under his watch. And for a while, he had a lot to crow about.
As part of our Trumponomics Report Card, Yahoo Finance measures the performance of the S&P 500 stock index under Trump compared with its performance under six prior presidents, going back to Jimmy Carter, at the same point in their presidencies. A year ago, the Trump stock market ranked second out of seven, behind only Barack Obama. But now he ranks fifth, behind Obama, Bill Clinton, George H.W. Bush and Ronald Reagan. He’s still ahead of the George W.
The manufacturing sector is now in a recession. Business investment is falling. The New York Federal Reserve puts the odds of a recession within the next 12 months at 38%. The flat stock market reflects all of those concerns. Story continuesWe measure stock-market performance as an index number, beginning in February after each president takes office. That’s meant to measure each president’s actual performance in office, not just investor expectations, which tend to be priced into stocks well ahead of policy action. If we measured stock performance from the date of the election instead, Trump’s performance would look better, since stocks rose after Trump won in 2020.
“...since Trump won in 2020”? Don’t you proofread this stuff?
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