The stock market fell on Monday. A lot. …
President Trump has spent lots of time bragging about the stock market over the past year, from dozens and dozens of references in his Twitter feed to a riff about it in last week’s State of the Union address. Moreover, the stock market is a highly visible economic indicator. Sure, something like real disposable income per capita might be a better overall measure of economic well-being. But the Dow gets mentioned a lot more often on the evening news.
Overall, the stock market still looks pretty good for Trump, with the Dow having gained 23 percent during his presidency so far. But could a further reversal in those gains harm his approval ratings, which have been improving lately? CONT.
Nate Silver, FiveThirtyEight