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Trump's stock market rally still lags Obama and Clinton
Still, the rally under Trump now outpaces Republican presidents from the recent past, including Ronald Reagan.
While Trump likes to take credit for the stock market’s great 2019, he rarely mentions last year when U.S. stocks posted a negative annual return. Stocks tanked last December after Trump proclaimed he was “tariff man,” a signal his trade war would ramp up more, and the Federal Reserve indicated it would likely hike interest rates further.
“We had a bear market at the end of 2018, so stocks were beaten down at the end of last year. We had a low starting point, so the 2019 market increase was magnified,” said Gus Faucher, chief economist at PNC Financial Services Group.
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