Presidents always want to claim credit for the performance of the stock market. But the reality is that so many factors go into how the stock market performs that for any one person to take claim for its performance is one of the most basic and nonsensical things that could ever happen.
That’s why my spine always goes up when Trump brags about how the markets have been doing under his short administration. Yeah, they’ve done well for the last year, until of course, the last week, when they have plummeted.
Like I said, no president should take complete credit for the performance of the markets, but when Trump does, he should look at this graph that shows that under Obama, the market has soared, while under Trump, not so much.
Drop the mic.