transporter
Well-Known Member
After today's drop how is the Trump stock market "boom" looking?
Well as we all know, market gains under the previous administration were much stronger than under the current administration. Of course, that is a bullshit comparison because the previous administration came in as we were hitting generational lows.
But Trump likes to fool his cult members...so where does the comparison stand today? Looking at the Dow....
1-20-2009 (7949) to 2-28-2012 (13005) saw an increase of 63.6%.
1-20-2017 (19827) to 2-28-2020 (25409) shows and increase of 28.1% (data from Yahoo Finance)
Looking at the SP500:
Trump gain 30.0% Previous Administration 64.9%
We are now in correction territory with the major US indexes down more than 10%. This is not unusual (Truby is stupid for being mad over an event that occurs, on average about once every 18 months). It usually take 4 months or so to recover from a correction. We are unlikely to have hit our low yet as we don't know the extent of damage that is being done to corporate profits or consumer demand. (In case you didn't notice this morning...which you didn't consumer spending came in weaker than expected in January--this was before this silliness started)
How is the Trump "boom" economy looking in the face of a supply/demand shock? Weaker than it already was of course.
The expectation that the global economy will have a sharp V shaped rebound is now giving way to a slower more U shaped recovery. Hopefully the US will avoid recession...other countries are not likely to be so lucky. In any case, the US economy is going to show a sharper slowdown than we were already expecting...if not this quarter then the next.
Well as we all know, market gains under the previous administration were much stronger than under the current administration. Of course, that is a bullshit comparison because the previous administration came in as we were hitting generational lows.
But Trump likes to fool his cult members...so where does the comparison stand today? Looking at the Dow....
1-20-2009 (7949) to 2-28-2012 (13005) saw an increase of 63.6%.
1-20-2017 (19827) to 2-28-2020 (25409) shows and increase of 28.1% (data from Yahoo Finance)
Looking at the SP500:
Trump gain 30.0% Previous Administration 64.9%
We are now in correction territory with the major US indexes down more than 10%. This is not unusual (Truby is stupid for being mad over an event that occurs, on average about once every 18 months). It usually take 4 months or so to recover from a correction. We are unlikely to have hit our low yet as we don't know the extent of damage that is being done to corporate profits or consumer demand. (In case you didn't notice this morning...which you didn't consumer spending came in weaker than expected in January--this was before this silliness started)
How is the Trump "boom" economy looking in the face of a supply/demand shock? Weaker than it already was of course.
The expectation that the global economy will have a sharp V shaped rebound is now giving way to a slower more U shaped recovery. Hopefully the US will avoid recession...other countries are not likely to be so lucky. In any case, the US economy is going to show a sharper slowdown than we were already expecting...if not this quarter then the next.
