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Economics

All the Stock Market Gains Since Trump Took Office Have Vanished

  • The stock market has now gone nowhere under President Trump
  • Equity performance typically a good predictor of election wins
Donald Trump speaks during a meeting with tourism industry executives at the White House in Washington, D.C. on March 17.

Donald Trump speaks during a meeting with tourism industry executives at the White House in Washington, D.C. on March 17.

Photographer: Kevin Dietsch/UPI/Bloomberg
Updated on

Ever since his improbable victory in November 2016, Donald Trump has been inextricably tied to the fortunes of the stock market. At no time in modern history has the leader of the free world made rising share prices such a singular barometer of his success, or claimed so much credit for the record-shattering run.

But now, it’s all coming crashing down.