After a year of taking credit for a soaring stock market, Donald Trump has begun to learn a hard lesson: what goes up, must come down. Yesterday, the Dow Jones Industrial suffered it’s largest point loss in history, falling nearly 1,600 points. Then today, the market seemed to have corrected itself, with the Dow closing more than 500 points up. But the shift was a wake-up call for some, and after yesterday’s drop, the President distanced himself from the stock market’s performance. The White House said in a statement, “the President’s focus is on our long-term economic fundamentals, which remain exceptionally strong, with strengthening U.S. economic growth, historically low unemployment and increasing wages for American workers.” So, how much does the stock market’s dive really mean for the U.S. economy? And how much credit should a President get for soaring, or falling stock prices? Jim Braude was joined by CEO and Chairman of Aureus Asset Management, Karen Firestone, and Dan Primack, business editor for Axios.
