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There’s no denying that the stock market has done well with President Donald Trump calling the shots in the White House. By the numbers, the S&P 500 index in 2019 more than doubled the 12.8% average market return of presidents in their third year, Bespoke Investment Group recently reported.
Trump, of course, rarely misses the chance to remind us of that.
In fact, he averaged about one tweet a week in 2019 touting his role in this bull run, according to the TrumpTwitterArchive.com, and he’s at it again in 2020.
With the Dow Jones Industrial Average DJIA, +0.81% , S&P 500 SPX, +0.64% and Nasdaq Composite index COMP, +0.86% all banging out fresh intraday highs on Thursday, Trump took the opportunity to ask his Twitter TWTR, +0.30% followers what those levels mean for their, uh, “409K’s”:
Trump has since deleted the tweet and posted this edited version:
Oh, but the internet never forgets — especially when it comes to a good Trump typo — and the mythical 409K lives on in all its viral glory:
As for the real 401(k)s, those have, indeed, been doing really well. Not quite as well as they did under Obama and Clinton, as you can see, but still:
Then again, not everybody is feeling the love of rallying stocks:
