Trump says stock market hit ‘new record' – Here's how much S&P 500 has climbed since he took office

The S&P 500 reached a fresh all‑time high (~7,500 on May 22) as it notched an eighth consecutive weekly gain — its longest winning streak since 2023 — extending a rally that has driven the index up more than 18% since early April and roughly 23% since President Trump’s second‑term began on Jan. 21, 2025. The index hit the ATH after recovering from a post‑tariff ‘Liberation Day’ low and has surged over 54% since that bottom. President Trump celebrated the record, while economist Gary Shilling warned of a potential near‑term sell‑off and a risk‑off environment driven by speculative positioning. Market implications: momentum and bullish political narrative support further upside, but elevated gains and cautionary analyst views increase the risk of a corrective pullback.