Trump says Fed should cut U.S. rates; Powell doing 'bad job'

[Bernardo de La Paz]

16. OK, looking at it at a little finer detail than I was, reading off a chart, I see that peaks were in

Jan 24, 2018 was 2872,
Sep 20, 2018 was 2941,
Apr 30, 2019 was 2953,
Jun 20, 2019 was 2965.

I don't know about closes, I am eyeballing intraday peaks and rounding last digit. I could be off by one or two and a day. Close enough we can see we are looking at the same basic data.


The point I wish to make is that tRump's stock market is chaotic and just barely eking out new highs before plunging. I do not see it as strong market. It has made four major peaks in his term so far and the latter three are hardly much higher than the first one.

I dug up some S&P500 closes, dates selected just before terms began, accounting for weekend closures:

Close Jan 16, 2009: 850.12
Close Jan 20, 2009: 805.22
Close Jan 19, 2011: 1281.92
51% rise from Jan 16 close

Close Jan 18, 2013: 1485.98
Close Jan 16, 1015: 2022.55
36% rise

Close Jan 19, 2017: 2263.69
Close Jan 19, 2019: 2670.71
18% rise

So we can see that tRump did not beat Obama in either of his first two years of terms. Even if we grant tRump his highest point in his first two years, he still can't beat Obama.

Close Sep 20, 2918: 2930.75
29% rise