On Friday, he (Trump) boasted “Trump stock market rally is far outpacing past U.S. presidents,” and he vowed that the “BEST IS YET TO COME!”
Trump is making the economy and stock market a key focus on his reelection campaign. He often likes to claim this is the “best” or an “unprecedented” scenario, even when that is not the case.
Yes the stock market has done well during Trump’s first 3 years, but it’s hardly pioneering. Trump’s stock market trails behind both Presidents Obama and Clinton at the same point in their presidency.
The Dow Jones industrial is up about 45 percent in under Trump.
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.
