This is the stock market’s worst start to a presidential term in modern history
This is the stock market’s worst start to a presidential term in modern history
This is the stock market’s worst start to a presidential term in modern history | CNN Business
President Donald Trump warned Americans in 2024 that a vote for Vice President Kamala Harris would be a vote for a market meltdown.
Summary
Despite Trump's 2024 warnings of a market crash under Biden, the S&P 500 is experiencing its worst start to a presidential term in modern history under him, dropping ~15% since Inauguration Day.
This plunge, largely attributed to Trump's aggressive tariff policies announced post-election ("Liberation Day"), is pushing the market toward bear territory faster than any predecessor since 1957.
The Nasdaq is already in a bear market, and economists increasingly warn the tariffs could trigger a recession impacting widespread stock ownership.