Can Trump Take Credit for the Stock Market?

The stock market boomed after Donald Trump’s election, and he was quick to say he was responsible. But what’s really behind the so-called “Trump Bump”, and how much can presidents affect what happens on Wall Street? Trump’s administration is packed with Wall Street elites, explains Atlantic editor Bourree Lam in this video. This could account for the market uptick. “[It] made investors optimistic and confident,” she says. “Before November, only 9 percent of investors were looking to buy more stocks. After the election, that number jumped to 42 percent.” Trump also has some policies that could spook investors, which remains to be seen. What does this early success mean for America’s long-term economic success under Trump? Follow Bourree: @bourreelam https://twitter.com/bourreelam Read her articles: https://www.theatlantic.com/author/bourree-lam/ And subscribe to The Atlantic! New videos every week: https://www.youtube.com/subscription_center?add_user=theatlantic

Comments

1. Will trump take credit for the stock market crash....of course not...even though his policies of de-regulation are guaranteed to create bubbles. I feel sorry in advance for those who lose everything. But i could careless about the rich that are gonna lose everything...
2. Ah, but will he take credit for the crash?
3. you should stop talking only about Murica and start talking about the world as well
4. They should take no credit. Presidents don't decide shit when it comes to the Stock Market.
5. Mr. Cheeto is trying to take credit for a lot of things like he has the Midas touch. Well earlier today he just blamed Obama for something that happened in Syria under his watch. So when the stock market goes into another recession I'm pretty sure he'll blame Obama and Obamacare.
6. Kys
7. #up30
8. Trump bump = Trump is a genius. Trump slump = not his fault, the market is clearly still reeling from the corruption and mismanagement of Obama and Hillary.
9. not sexist btw, I'm happy to see a women talking politics in a meaningful way. not enough of that if u ask me
10. You are forgetting the fact that Fed rates were a big scare, slowly rising rates kept investors on the bridge, knowing how they are playing out means the market can rally more, plus cheap oil means investors look for other alternatives like bonds and specially the Stock Market, companies with electric market shares such as Tesla, Apple, and even Snapchat´s IPO show this, this has nothing to do with Trump except in two cases, Banking & Finance such as Goldman Sachs or Bank of America and fossil fuels such as Murray or Exxon
11. Of course stock sales were very low before November. Nobody knew what was going to happen. This would of very likely happened if the election swung the other way. It would of been much more interesting and informative if we compared to past elections. Correlation is not causation.
12. don the con will try and take credit for stock market to make himself look good. Most significant gains happened during the Obama administration. The numbers don't lie and the truth don't change.....