Much has been made of the stock market’s record-setting performance since President Donald Trump won the race for the White House back in November.
But Dow Jones’s data team offers more insight into how Trump stacks up compared with other presidents in their first 30 days in office, a milepost Trump hits on Feb. 19. The Dow Jones Industrial Average DJIA, +0.02% has returned 4.02% as of Friday’s close, which would make the Dow’s performance in the Trump era’s first month the sixth best in percentage terms behind Franklin D. Roosevelt in 1945, after his fourth victorious campaign for the presidency, when blue chips climbed by 4.1%.
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We're in a huge bubble though.
ReplyDeleteUnder Reagan, it crashed early on, so he blamed his predecessor. Then Reagan was able to recover the economy, take credit for that.
The fear is Obama's bubble bursts under Trump, then Trump is blamed for it.
When Trump has mentioned the bubble in the past, he's been blamed for harming the stock market. I think Trump should maybe demand Yellen to raise interest rates. I hope he has a strategy whatever it is.
His current strategy might be to do all he can before it bursts, but I fear he'll get blamed as a result.
It could keep going seeing how high the optimist is, etcetera.
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