In fairness, in 2016 the market expected Hillary to win, but still, data are data...
[HEADING=2][SIZE=7]The Upside-Down Line That Tells the Story of the Stock Market Now[/SIZE][/HEADING]
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When President Trump entered his first term, stocks were steadily marching upward. This time, the trajectory has inverted.
The stock market has plunged since President Trump took office for a second time, a stark contrast to the early days of his first presidency. The S&P 500 index has fallen sharply since hitting a record high on Feb. 19.
The index fell into a so-called [correction]('https://www.nytimes.com/2025/03/13/business/sp-500-stocks-market-correction.html') on Thursday. Corrections, a Wall Street term referring to a 10 percent decline from an index’s last peak, are relatively rare yet symbolically worrisome milestones for the markets. Other major indexes, including the Nasdaq and the Russell 2000, had already slid into correction territory before Thursday.
Stock prices were once Mr. Trump’s favorite proxy for political success. During his first term, he [continually took credit]('https://www.nytimes.com/interactive/2025/03/01/business/trump-stock-market.html') for a booming stock market.
