Need to Know: Trump's stock market is closing in on Obama's [MarketWatch]
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Source: MarketWatch
Trumpâ??s stock market still lags Obamaâ??s, but that could be about to change Donald Trump loves telling us all about how fantastic the stock market has done under his leadership. And why wouldnâ??t he? Despite a few hiccups, itâ??s been a great run, no doubt (for those invested in equities, anyway). But, in a stat that surely wonâ??t sit well with the current president, Obamaâ??s market fared better than Trumpâ??s has over the same number of trading days, according to our chart of the day from the Calculated Risk blogâ??s Bill McBride: McBride, for his part, says he doesnâ??t believe the market is a great measure of policy performance, but he acknowledges that some, including Treasury Secretary Steven Mnuchin , do. So he updates this chart on occasion for them. â??My view is there are many measures of success â?? and that the economy needs to work well for a majority of the people â?? not just stock investors,â? McBride explained in a â??just for funâ? blog post over the weekend.
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