The Trump administration has embarked on policy goals uniquely poised to impact stock prices, such as his trade war with China.
Trump often compares current economic conditions to those of the Obama era, frequently claiming that he turned around unfavorable circumstances that brewed under his predecessor.
On Obama's first inauguration day in 2009, the S&P 500 closed at 805.22. Over the next three years, the S&P index increased by 57 percent to 1,265.33, according to an analysis of stock market data. During the same time period under Trump, the index grew from 2,271.31 on Inauguration Day 2017 to 3,224.01 three years later, an increase of 42 percent.
Despite politicians' regular efforts to claim credit for market growth, direct attribution of stock market performance to any individual administration is not entirely accurate. A host of factors that influence stock prices, such as global economic health and consumer confidence, are not directly within the president's purview.
While cause-and-effect may be difficult to determine in the world of stocks, some policies are more directly impactful than others. The Trump administration has embarked on policy goals uniquely poised to affect stock prices, including setting off a trade war with China and pressuring the Federal Reserve to lower interest rates.
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