AXIOS (Dan Primack) - How Trump 2.0's stock market stacks up with predecessors
Data: Financial Modeling Prep ; Chart: Erin Davis/Axios Visuals The stock market soared during the first 20 months of President Trump's second term, but slightly underperformed the same period of his first term. Why it matters: Trump considers the stock market to be a proxy for the economy, even though many economists disagree. By the numbers: The S&P 500 rose nearly 27.6% between inauguration day and this past Friday's close, compared to 28.5% during his first term. - The gap at 20 months is closer than it was at the one-year mark , with Trump 2.0 leapfrogging former President Biden but still trailing former President Obama. Zoom in: Trump 2.0 also trails Trump 1.0 in terms of Dow Jones Industrial Average and Nasdaq Composite…
Data: Financial Modeling Prep ; Chart: Erin Davis/Axios Visuals The stock market soared during the first 20 months of President Trump's second term, but slightly underperformed the same period of his first term. Why it matters: Trump considers the stock market to be a proxy for the economy, even though many economists disagree. By the numbers: The S&P 500 rose nearly 27.6% between inauguration day and this past Friday's close, compared to 28.5% during his first term. - The gap at 20 months is closer than it was at the one-year mark , with Trump 2.0 leapfrogging former President Biden but still trailing former President Obama. Zoom in: Trump 2.0 also trails Trump 1.0 in terms of Dow Jones Industrial Average and Nasdaq Composite…Open