Every few days, fresh economic statistics roll out, each one almost invariably reinforcing the perception of a solid economy. In his State of the Union address on Tuesday night, President Trump reinforced that impression — and took credit for it.

He has ammunition. According to calculations by J.P. Morgan, Mr. Trump is the beneficiary of the strongest economic tailwind of any incumbent running for re-election since 1900.

A Good Economic Backdrop

0=worst conditions, 1=best; only years with incumbents up for re-election. Darker bars indicate incumbent wins.

1900

0.5

1904

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