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President Trump often takes credit for a rising stock market, but will he shoulder the blame when it takes a dive?
The Dow Jones industrial average hit its first real rough patch during the past two trading sessions on what had been a smooth and steep climb through the first year of Trump’s administration. Monday the Dow shed 1,175 points, its largest point drop in history, wiping all of 2018’s gains.
The president has not hesitated to imply his policies are driving the bull market and the growing economy. In his State of the Union address last week, Trump touted Wall Street’s success early in his speech.
More: Dow plunge briefly tops 1500 points as stock rout intensifies
“The stock market has smashed one record after another, gaining $8 trillion in value,” the president proudly stated. “That is great news for Americans’ 401k, retirement, pension, and college savings accounts.”
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