Trump owns the falling markets and economy

The buck stops at the Resolute Desk in the White House. President Donald Trump owns the economy and U.S. equity markets.

When Trump was elected on Nov. 5, equity markets rallied. The day after the election, the Dow Jones Industrial Average jumped 1,508 points, the biggest post-election surge in 128 years. The S&P 500 climbed 2.5%, or 146 points, to end the day at 5,929, an all-time high. Markets celebrated Trump’s victory and a clean sweep by the Republican party. Republicans remained the majority party in the House and regained control of the Senate by a comfortable three seats.