Trump's S&P 500 Gains Rank Third; Wealthiest Americans Reap Most Benefits

The Dow Jones Industrial Average and S&P 500 saw gains, but the S&P 500's 43% increase in Trump's first three years ranks him third among recent presidents, trailing Obama and Clinton. Even when adjusting the timeframe to Election Day, his performance is not historically exceptional.

The article emphasizes that the stock market is not synonymous with the broader economy, noting that economic activity grew slower than in the final years of Obama's term. Furthermore, stock ownership is concentrated among the wealthiest Americans, meaning most citizens do not directly benefit from market gains, potentially leading to resentment rather than proof of economic success for blue-collar workers.