“Since my election, U.S. stock markets have soared 70 percent,” President Trump bragged at his State of the Union address in February, before claiming that this bull market was “transcending anything anyone believed was possible.”
Those gains are gone.
On January 19, 2017, the day before Trump took office, the Dow Jones Industrial Average closed at 19,804.72. As of this writing, the Dow has dropped below that level, meaning that the rise in stock prices Trump touted so recently — and that he hoped to ride into this November’s election — no longer exists. (Though it is worth noting that ordinary market fluctuations could bring the Dow above the 19,804.72 point mark.) » | Ian Millhiser | Wednesday, March 18, 2020
