Like many, I have been watching the stock market and my 401(k) over the past few weeks. I noticed something the other day and today I finally found easy access to the data to show it. The data below were collected from the Federal Reserve Economic Data (FRED) website.
BIDEN’S Term (January 20,2021 - January 20,2025)
If you look at the Dow Industrial Average during Biden’s term and apply a linear regression, you see that the Dow increased by approximately 6 points per day for the entirety of Biden’s term. Overall, the trend is positive. The straight line is not the best fit here, because it grew at a much faster rate in the last two years.
TRUMP 2 (January 21, 2025 - NOW)
If you do the same thing with the Dow Industrial since Trump has taken back over, the difference is not only staggering, it is downright insane. The linear regression is a good fit here and it implies that the Dow has been losing 63 POINTS PER DAY since Trump seized power.
Now, someone please show this to the idiot in charge and ask him how it is Biden’s fault again.
- Dr. C