Global Stocks Trounce the S&P 500 in Trump’s Chaotic First Year

After the S&P 500 Index rebounded from the brink of a bear market in April and spent the remainder of the year going from one record to the next, President Donald Trump billed it as a sign that he had transformed the US — as he likes to put it — into the world’s “hottest” country.

Measured against stock markets from Tokyo to Frankfurt to financial capitals across the developing world, though, the verdict on Trump’s return to the White House is decidedly less triumphal.