Last week, even as he responded to growing fears about coronavirus, President Trump had his eye on the markets. At the start of what turned out to be a terrible week for stock prices, Trump tweeted that coronavirus was "very much under control" and implied that stock market losses were overdone.
"The stock market is up 80%, in some cases much higher than that," Trump said. "401(k)s are at record levels." But if you look at the Dow Jones Industrial Average, it was up by 56% on Feb. 22, compared with the date of Trump's election. Some of those gains were erased in the past week.