As soon as Trump introduced the tariffs on 120 countries the stock market tanked. and only slowly has it rebounded to some degree. The S&P is down 4% YTD and at one point was down close to 10%. The day Biden left office the S&P traded over 6000. Friday's close was 5,659.91. It is Trump's economy effective 01/20/2025 and unlike Trump numbers don't lie.