No president in history has hitched the fate of his presidency so closely on the stock market going up. Even amid the rout of the past two weeks, when stock prices briefly rebounded, he couldn’t resist a tweet. “BIGGEST STOCK MARKET RISE IN HISTORY YESTERDAY!,” he wrote in all caps.
That was Friday. On Monday markets erased that meagre rebound, and closed at their lowest level in years. In fact, the Dow Jones Industrial Average index ended Monday below where it stood that morning on Feb. 16, 2017, not including dividends.
