President Trump Claimed the Stock Market Has Added $4 Trillion in Value Since His Election. It Hasn'

[Judi Lynn]

Lucinda Shen/Fortune
8:28 AM ET


President Donald Trump has voiced pride over the stock market gains in the United States, but his math for those gains is quite a bit off.

In a speech he gave to the Three Seas Initiative in Warsaw, Poland—a group of countries committed to improving economic ties between the United States and ex-Communist countries—Trump pointed to the stock market when explaining that the U.S. is doing “very well—very strong.” He said: “We’ve taken off restrictions and people are really moving hard. So when I say that the stock market is at an all-time high, we’ve picked up in market value almost $4 trillion since November 8th, which was the election. $4 trillion—it’s a lot of money.”

 
While the stock market has hit multiple new highs since November, thanks in part to a “Trump Bump” stemming from the president’s promise to lower corporate taxes and roll back regulations, it’s not as high as Trump may think. His speech suggests the market value for the S&P 500 is now about $22.4 trillion, up roughly 22% since the elections. But in reality, the S&P 500 has gained roughly $2.4 trillion in that time period, an increase of 13% in market cap to reach $20.8 trillion, said Howard Silverblatt, a veteran market watcher over at S&P Dow Jones Indices.

It’s not a poor performance, but it is certainly less than the president’s $4 trillion figure.

More:
http://time.com/money/4848763/president-trump-claimed-the-stock-market-has-added-4-trillion-in-value-since-his-election-it-hasnt/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+timeblogs%2Fswampland+%28TIME%3A+Politics%29

[dalton99a]

1. Pulling numbers out of his ass

as usual

[ck4829]

2. Two points. 1. No it hasn't. and 2. What does that mean for the little people?

[riversedge]

3. #dontheCon lying again. He made a fool of himself at the Press Conference!

[yallerdawg]

4. Disagreeing with his numbers is now labeled FAKE NEWS.

The only way we can be sure to have some semblance of true, reliable numbers or facts on any subject is to dismiss whatever the Liar-in-Chief reads off a teleprompter or pulls out of his ass!

[FBaggins]

6. The S&P isn't the stock market

It's a significant portion of it (I'd guess ~75%), but not the whole thing.

Depending on the relative performance of the remaining stocks, it might very well be over 3 1/2 trillion.

[BASE]

8. That's probably why he made that statement

He doesn't like to boast about things that can easily be proven true or false.

I remember reading something earlier this year stating we were up around 2T, based on Russel 3000. It's what it will be worth in 2020 that I'm worried about.

[malaise]

7. He speaks he lies - it's that simple

he's a pathological LIAR

[Gothmog]

9. Trump is an idiot