Trump has delivered on the economy in more ways than one.
Not only have recent monthly jobs reports been great, he is rallying the stock market as well.
He is also outpacing his predecessors while doing so.
Trump stock market rally is far outpacing past US presidents
President Donald Trump’s stock market stacks up well against the majority of his presidential predecessors.
The S&P 500 has returned more than 50% since Trump was elected, more than double the 23% average market return of presidents three years into their term, according to data from Bespoke Investment Group dating to 1928.
The bellwether index gained more than 28% this year, well above the average 12.8% return of year three for past U.S. presidents.
“Year three has been by far the best year of the cycle with an average gain of 12.81%, and the playbook has stuck to the script in year three of the current cycle,” the firm said in a note to clients last month.
Despite the volatility from the U.S.-China trade war, 2019 has been a year of all-time highs for the major stock averages. The S&P 500 crossed 3,200 for the first time ever last week, hitting its seventh round-number milestone of 2019.
While business investment slumped due to uncertainty surrounding the world’s two largest economies, public market investors remained confident enough to put money into stocks.
Democrats and the media can’t argue with this success:
Give credit where credit is due, @CNBC.
These huge gains are due to the booming economy and stock markets in the United States.
— Andrew Pollack (@AndrewPollackFL) December 24, 2019
— Maria Bartiromo (@MariaBartiromo) December 24, 2019
— Wayne Allyn Root (@RealWayneRoot) December 26, 2019
Trump deserves credit for this.