Trump is in the wrong place at the wrong time when it comes to the stock market

And it’s not surprising that confidence is soaring when you consider the fact that a number of economic indicators are improving. The latest jobs report, for instance, exceeded forecasters expectations with 227,000 jobs added versus the predicted 180,000.

And that’s not all. Confidence also seems to have translated into higher retail sales. Retail sales picked up a 0.4% gain in January, which exceeded the 0.1% gain analysts expected.

But despite all of this data that suggests a strong and resolute economy and market, Michael Paulenoff, the president of Pattern Analytics, is still convinced a correction is on the horizon. He points to the current position of the Volatility Index and declining volumes as proof that our 415-weeklong rally is coming to an end.

“For decades volumes have preceded a rise in prices in the stock market. Likewise, declining volume leads to a decline in prices,” he said.

Paulenoff told Business Insider that the end of our current rally will put President Trump in the exact opposite situation as his predecessor.

President Obama presidency began a year after the stock market lost nearly 40% in the midst of the 2007-2008 financial crisis.

“When President Obama’s term as president started the markets were grossly undervalued,” he said.

“Obama just happened to be at the right place, right time — after a 50%-60% correction in the equity market amid historical fears about another depression,” Paulenoff added.

Trump, on the other hand, is not in the right place.

“He is touting the upside in equity markets, for which he is not responsible,” Paulenoff said.”And it’s ironic because the coming correction is also not his fault, but people will likely attribute it to him.”