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Tue Aug 13, 2019, 03:53 PM

For all his bragging: S&P 500 in the first 644 trading days of each presidency

S&P 500 in the first 644 trading days of each presidency

President Donald Trump has repeatedly pointed to the stock market as one of the best ways to measure his administrationís policies.

During Trumpís presidency, the S&P 500 has gained 27% from inauguration day through August 12. How does that stack up to stock performance at the same point in other modern presidencies? (644 trading days, to be exact).

Stocks were stronger under Barack Obama and far weaker under George W. Bush.

S&P 500 performance under Trump compares more closely to stocks under Bill Clinton (they were up 29% at this point in his presidency) or Ronald Reagan (up 23% at this point).




https://www.cnn.com/interactive/2019/business/stock-market-by-president/index.html

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Reply For all his bragging: S&P 500 in the first 644 trading days of each presidency (Original post)
spanone Tuesday OP
gratuitous Tuesday #1

Response to spanone (Original post)

Tue Aug 13, 2019, 03:59 PM

1. Nah, Trump doesn't talk stock market anymore

He's all about the low unemployment rate, because that's the only metric that shows the economy doing any good at all. I understand the U6 shows that despite low unemployment, a lot of people are underemployed or working multiple jobs to make ends meet. If there's a recession at all - and Trump's tariff mania looks ready to bring one on - even the unemployment rate isn't going to cooperate with Needy Amin.

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