Authers' Note today sounded downright exasperated with the President's tweets. Trump claimed credit for the fastest 1,000 point gain in the Dow's history: That's too cute by half. Each 1000 percent gain gets mathematically smaller as the Dow goes up; eg, the move from 10,000 to 11,000 is a 10 percent move whereas that from 24,000 to 25,000 is just 4 percent. Properly compared, the performance of the Dow under Trump lies between equivalent periods in Obama's two terms.
The President and the Stock Market
The President and the Stock Market
The President and the Stock Market
Authers' Note today sounded downright exasperated with the President's tweets. Trump claimed credit for the fastest 1,000 point gain in the Dow's history: That's too cute by half. Each 1000 percent gain gets mathematically smaller as the Dow goes up; eg, the move from 10,000 to 11,000 is a 10 percent move whereas that from 24,000 to 25,000 is just 4 percent. Properly compared, the performance of the Dow under Trump lies between equivalent periods in Obama's two terms.