There’s Lots of Precedent for the Trump Rally

Wonder if he mentioned the Washington rally.

Source: GraphicaArtis/Getty Images

The other day, President Donald Trump shared a few thoughts about the stock market.

It would be really nice if the Fake News Media would report the virtually unprecedented Stock Market growth since the election.Need tax cuts

— Donald J. Trump (@realDonaldTrump) October 11, 2017

Like so many of the president’s statements, this one is objectively false. Our charge today is to set aside the political debate, and instead use his statement as an opportunity to explore ways to compare markets and rallies. Cognitive issues and innumeracy affect all investors, including presidents; this isn't our first discussion of issues like denominator blindness, nor will it be our last.

Instead, we can use data to see how the so-called Trump rally compares to others.