Stephen Gandel, Columnist

What's Missing From Trump Rally? Trump Stocks

The market has risen, but not in ways many had expected.

May 1, 2017 at 5:00 PM UTC

Stephen Gandel is a former Bloomberg Opinion columnist covering banking and equity markets. He was previously a deputy digital editor for Fortune and an economics blogger at Time. He has also covered finance and the housing market.

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Among Donald Trump's accomplishments in his first 100 days, even critics may have a hard time quibbling with this one: He's made most investors better off.

Companies in the S&P 500 index have added nearly $984 billion in market cap since Inauguration Day. Since Election Day, it's just more than $2 trillion. The Trump 100-day stock rally, a jump of 5.8 percent, ranks him fifth best among modern day presidents in percentage terms, two behind Obama's first term. Based on market cap, Trump is even better, edging out the Bush '88 and Obama '08 terms. Factoring in inflation, Kennedy and Roosevelt still have Trump beat.