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Dec. 14, 2019, 2:03 p.m. EST

Why President Trump’s constant cheerleading of the stock market might not help him much come election time

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By Shawn Langlois, MarketWatch

MarketWatch photo illustration/iStockphoto, Getty Images

Rarely does a record high go unnoticed by the White House.

Just last week, with the major U.S. stock indexes in rally mode, President Trump fired off another tweet celebrating the news:

That should sound familiar by now. According to TrumpTwitterArchive.com , the president has tweeted about the “stock market” at least 117 times. Whenever there’s a big move, it seems that Trump is there to tie it to his policies and oftentimes to use it to hammer away at his rivals:

But is the relentless bull market really that helpful to Trump’s cause?

As you can see from this chart, a recent poll of likely voters from the Financial Times shows that 61% of Americans believe that the stock market’s rally has had little or no impact on their finances.

The survey also suggests that most Americans have no idea what’s happening on Wall Street, with just over 40% of respondents saying they are aware the stock market has increased in value since the beginning of the year.

Furthermore, only 32% of those polled said they are better off now, financially, than they were before Trump’s inauguration, while 31% said they’re worse off and 37% said they’re about the same.

The FT explained that the survey findings are part of the monthly FT-Peterson U.S. Economic Monitor, which tracks voter sentiment towards the U.S. economy in the run-up to the 2020 election. The latest survey was conducted by two polling groups — one Democratic and one Republican.

Don’t expect a markets-related tweet from Trump’s Twitter /zigman2/quotes/203180645/composite TWTR +0.23% feed on Tuesday, with the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.58% , Nasdaq /zigman2/quotes/210598365/realtime COMP -0.92% and S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.31% all closing lower.

Well, maybe one:

$ 60.85
+0.14 +0.23%
Volume: 13.27M
June 18, 2021 4:02p
P/E Ratio
Dividend Yield
Market Cap
$48.57 billion
Rev. per Employee
US : Dow Jones Global
-533.37 -1.58%
Volume: 569.38M
June 18, 2021 5:09p
US : Nasdaq
-130.97 -0.92%
Volume: 5.62M
June 18, 2021 5:16p
-55.41 -1.31%
Volume: 3.62B
June 18, 2021 5:09p

Shawn Langlois is an editor and writer for MarketWatch in Los Angeles. Follow him on Twitter @slangwise.

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