Mar 16, 2017

S&P 500 performance by Fed chair

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2019 stock market gains still leave Trump behind his predecessors

Data: FactSet; Chart: Axios Visuals

The S&P 500 has jumped 42% under President Trump — according to market data from the inauguration through 2019's final day of trading.

Why it matters: Trump uses the stock market's surge as a barometer of his presidency's success — one that, along with the 50-year low unemployment rate, he's sure to continue to tout as the 2020 election approaches — but the gains under him lag those under former Presidents Barack Obama, when stocks rebounded from the lows of the financial crisis, and George H.W. Bush.

Wall Street has its best year since 2013

Data: FactSet; Chart: Axios Visuals

Wall Street had its biggest annual gain in six years — with the S&P 500 rising 29% and the Nasdaq Composite rising 35% in 2019. The Dow lagged behind other indices, but saw its biggest yearly gain since 2017.

Why it matters: U.S. stocks rebounded from 2018's year-end meltdown to log impressive gains, despite uncertainty stemming from the trade war and a slowdown in economic growth.

Eurasia Group's top geopolitical, economic risks in 2020

Trump and China's President Xi Jinping in 2017. Photo: Jim Watson/AFP via Getty Images

Economic and geopolitical trends are both cycling downward, Eurasia Group President Ian Bremmer and Chairman Cliff Kupchan write in their '"Top Risks 2020" report, out today.

The big picture: "Globalization is key," the authors write. The global economy is steadily fragmenting into two systems as the U.S. and China decouple and weaponize global trade and supply chains, ultimately creating a "split personality" globalization.

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