Kimberly Guilfoyle, a U.S news representative recently tweeted, “Stock market under 1 year of Trump: $6.9 trillion GAINED… Stock market under 16 months of Biden: $11 trillion LOST”
Stock market under 1 year of Trump: $6.9 trillion GAINED
Stock market under 16 months of Biden: $11 trillion LOST
— Kimberly Guilfoyle (@kimguilfoyle) June 17, 2022
In the Joe Biden’s presidency, the U.S has now lost all of its gains in the stock market since last year. The S&P 500 has now lost all of its gains in the stock market since last year.
Consequently, the S&P 500 which is one of the largest measure of the US stock market and the economy, is down 2.7% since January 20, 2021. Since from the Biden’s presidency, the stock market has been sinking day-by-day.
Also, due to the Russia’s invasion of Ukraine, inflation crisis started which resulted in supply chain disruptions. The price were hiked in the market which also declined the economy of U.S
However in the Trump’s presidency, the U.S. stock market added nearly $6.9 trillion in market cap. Consequently, the market cap surpassed $30 trillion and was at $30.6 trillion. When Trump was elected, stocks were raised to the sky limit in U. S.
