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Trump v. Obama: Market Smackdown

JP Gravitt

CNBC published this story earlier about what has changed since Donald Trump has been president.  Take a look at the article here: https://www.cnbc.com/2018/10/20/chart-shows-how-everything-has-changed-since-trump-became-president.html?&qsearchterm=trump. What has the stock market done since Trump took office (not elected – took office – you can’t do anything as the President-elect)?  Why is this important?  Because it shows how and if the policies enacted have and will be effective in boosting the economy and thus the market.  Why do I care about the market primarily?  Because that is what I do – that is what I trade.  I am very glad for the millions more employed and higher wages, but what has the market done, and where is it telling me the economy is going? Hmmm.  Before I get hate mail – I know that the market and interest rate positions were very different.  Here are some points for and against each.  First – obviously, President Obama’s presidency started in a rut.  However, it is important to note that the from the time that President Obama got elected to the bottom of the market in March (of roughly 666 on the S&P 500), the market dropped a solid 20%.