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Trump's stock market still stores Obama, but it may be changing



Donald Trump loves to tell us all about how the fantastic stock market has done under his leadership. And why wouldn't he? Despite some hiccups, there has been a good race, no doubt (for those invested in stocks, anyway).

But in a state that probably won't sit well with the current president, Obama's market went better than Trumps has over the same number of trading days, according to our day chart from the Calculated Risk blog Bill McBride: [19659003] McBride says he does not believe the market is a good measure of police performance, but he admits that someone, including Secretary of State Steven Mnuchin, does. Then he updates this chart at any time for them.

"My opinion is that there are many measures for success ̵

1; and that the economy needs to work well for a majority of people – not just equity investors," McBride explained in a "just fun" blog post over the weekend.

He also pointed out that Obama's performance was dinged up in his third year as president, which means that if the Fed's rate-cutting approach will increase the market, as many expect, we can expect more tweets like these:


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