The S&P 500 has jumped 42% under President Trump — according to market data from the inauguration through 2019's final day of trading, Axios' Courtenay Brown reports.
Why it matters: Trump uses the stock market's surge as a barometer of his presidency's success, but the percentage gains lag former Presidents Barack Obama, when stocks rebounded from the lows of the financial crisis, and George H.W. Bush.
Between the lines: Even if you count the 2016 post-election day market rally, the S&P's performance is still behind H.W. Bush (measuring from election day through the end of the third year in office).
The bottom line: Only about half of Americans own stocks, "largely through retirement accounts," as the Washington Post notes, citing Federal Reserve data.
Meanwhile, Trump's trade war, which added to stock market volatility, has cut into the financial well-being of America's farmers.