Empirical Evidence: Trump is a Stock Genius!
The greatest, most mentally stablest president of all times has opinions on a lot of things. He also praises himself for his business knowledge.
But is this true? A scientist thought that this should be verifiable and measured stocks: The average of the S&P, the stocks of companies Mr. Trump dislikes and the stocks of those companies he likes.
Turns out Trump is indeed a very useful indicator for the success of a stock! Just look at that graph!
Barry Ritholz maintains two stock indices: the Oligarch Index contains "companies that Trump liked" in his public communications; the Drain the Swamp index has "companies that Trump trashed."
Since Trump took office, the S&P has gained 21%. The Oligarch index underperformed the market with 19.5% in gains. The Drain the Swamp index gained "a yuuge 42.5 percent."
Stocks that Trump does not like perform double as good as the average of the 500 companies in the index!!!
With this he probably outperforms even Warren Buffet and definitely the majority of public funds.
via BoingBoing
Disclaimer: This post is no investment advisement. Past performances are no indicator for future performance.
Trump probably barely even understands how the stock market works, he only likes companies that say nice things about him ;)
No, he does not know how that works, or he wouldn't tweet about it the way he does (like "created wealth").
Hehe, nice, and Trump is undoubtedly a genius, he got himself tested!