As of today March 18, 2020, 100% of the stock market gains seen under the Trump administration have been erased. Today, the Dow Jones Industrial Average came with in 100 points of 19,732, effectively erasing all of the American stock exchange gains experienced under the Trump administration.

On inauguration day, January 20, 2019, the Dow Jones Industrial Average closed at 19,732. Over the past 3+ years, President Donald J Trump has continuously bragged that he was the sole reason for the robust stock market during his tenure as President.  

Days after being sworn in as the 45th President of the United States, stating: “Had the opposing party to me won — some of whom you backed, some of the people in the room — instead of being up almost 50 percent — the stock market is up since my election almost 50 percent — rather than that, I believe the stock market from that level, the initial level, would have been down close to 50 percent.”

Well, we will never know how the economy would have fared had Trump lost in 2016. However, we do know that global markets are continuing to see massive sell-offs.

About The Author

Leave a Reply

Your email address will not be published.