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Donald Trump loved to trumpet the hot U.S. stock market as a key achievement of his presidency and a measure of economic success. Yesterday, all three major U.S. equity indexes finished at fresh 52-week highs, with the Dow Jones Industrial Average closing at its highest level in nearly two years.

The S&P 500 is just 1 percentage point away from notching an all-time high on a total return basis.

On a price basis, the S&P 500 is about 4% below its all-time closing high reached in January 2022, also reached under Biden.

And the Semiconductor Index, SOX, logged a fresh record closing high on Monday.

By Trump’s preferred economic metric -- the stock market -- the economy has never been better than under Biden's leadership and Biden is best.

Meanwhile under the here and now of the Biden reign....
Snip
“Warren Buffett Selling $28.7 Billion in Stock Rings Alarm Bell Over Economy”

Warren Buffett's firm Berkshire Hathaway sold $28.7 billion of stock in the first three quarters of 2023 in a move that some economists have interpreted as ringing alarm bells for the American economy.

“According to the company's earnings, the Nebraska-based firm of the legendary investor and billionaire, known as the Oracle of Omaha, sold a net $10.4 billion of stock in the first quarter of the year. In the second quarter, it sold close to $13 billion of shares and bought less than $5 billion. In the third quarter, it sold about $5.3 billion worth of stocks.“

“As Buffett is considered one of the greatest investors of all time, as well as one of America's richest men, his moves are closely observed and analyzed.”

https://www.newsweek.com/warren-buffet-selling-28-...

Which President will cut Social Security?


Not Trump:)

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