Trumps Stock Market Rally Isnt as Unprecedented as he claims...

President Donald Trump wishes the media spent more time focusing on the rally in stocks since his election victory last November. OK, here’s the news: The "virtually unprecedented" stock market rally in the last 11 months isn’t big enough to crack the top-five in presidential history. The 19 percent increase in the S&P 500 Index ranks seventh overall.

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His “unprecedented” claim looks less fake when applied to the amount of market value created since Nov. 8, around $4.4 trillion. That number may be a record -- but is also a direct function of the market’s overall value at the time of the vote. In other words, wringing $4.4 trillion from a $24 trillion base is slightly easier than doing it from $16.5 trillion, where Barack Obama started in 2012.

https://www.bloomberg.com/news/articles/2017-10-11/accent-is-on-virtually-in-unprecedented-trump-stock-market-run