For most of the twentieth century the stock market made only small gains compared to the golden era we are living in today. Since the 2008 financial crisis, markets have soared and, month after month, the major stock indexes have broken new records. In July, the NASDAQ and the S&P 500 broke new all-time highs, with the Dow Jones not far behind. The stock market has not just recovered from the financial crisis. It is making serious bank.

One of the stock market’s most popular cheerleaders has been President Donald Trump. Since July, Trump has sent out eleven tweets championing the strength of the stock market. Two in particular seem to suggest that a rising stock market goes hand in hand with increased wages: