Like no president before him, Donald Trump used the stock market as a scorecard, arguing that sharp gains were a vindication of his economic stewardship.
The Dow Jones Industrial Average DJIA, +0.77%, the more popularly known blue-chip gauge, saw an annualized return of nearly 11.8% under Trump, versus 12.1% for Obama and 15.9% for Clinton. Calvin Coolidge, with the benefit of the Roaring ’20s, topped them all with a 25.5% annualized rise, based on data going back to the late 1890s.
The stock market is also a far from perfect gauge of the economy or how individual households feel about their own circumstances.
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