Looks like Donald Trump is going to have a pretty horrible day tomorrow
We think there are plenty more things to measure the economy by, and for that matter measure a presidency by, than the stock market. But Donald Trump, perhaps because nothing else has gone right for him, has spent the past three years insisting that he’s a great president because the stock market has continued to rise since he took over the roaring Obama economy.
In that case, we’ll go ahead and use that measurement to size up what’s left of his presidency. The stock market has been plummeting for as long as Trump has been botching the coronavirus crisis. On Wednesday, the Dow Jones dipped below where it had been on the day Trump took office, before slightly rebounding, and finishing a few points above its January 20th, 2017 mark.
But in overnight trading tonight, the Dow Futures have dropped another eight hundred points. This means the stock market is now way below where it was when Donald Trump took office. This was the one thing Trump had been hanging his hat on – and now it’s yet another negative for him as he circles the drain.
