Donald Trump has used the stock market as a scorecard in the past, so it might make sense to look at a chart of the S&P 500 year-to-date and wonder if the president thinks his performance could be better.

Judging by Trump's own words on Wednesday, that's not the case.

Following his 100th day in office , data showed the US economy contracted last quarter for the first time in three years. Stocks reacted negatively, but the president said the market still belonged to former President Joe Biden, redirecting blame for the 6% decline in the S&P 500 this year.

"This is Biden's Stock Market , not Trump's. I didn't take over until January 20th," Trump wrote in a post on his social media platform Wednesday.

"Our Country will boom, but we have to get rid of the Biden 'Overhang.' This will take a while, has NOTHING TO DO WITH TARIFFS , only that he left us with bad numbers, but when the boom begins, it will be like no other," he added.

For those following along since his first term, it was a familiar sight. The president has often taken credit for stock gains—even during times he was not in the White House — and blamed others for losses.

In March, shortly after returning to the White House and as the market tumbled from all-time highs reached in February, he suggested that investors shouldn't be watching stocks, though he referred to the market's gains during his first term as an "amazing achievement."

"You can't really watch the stock market," Trump said in an interview with Fox News in early March after tariffs on Canada, Mexico, and China were first unveiled. "If you look at China, they have a 100-year perspective. We have a quarter. We go by quarters."

The Trump bump

The comments shifting blame are the opposite of what Trump has claimed relatively recently. He has put the success of the stock market front and center as his doing.

The day before his inauguration, Trump said that the rise in stock prices was the "Trump effect."

"Everyone is calling it the — I don't want to say this, it's too braggadocious, but we'll say it anyway — the Trump effect. It's you. You're the effect," Trump said at a rally in Washington. "Since the election, the stock market has surged, and small-business optimism has soared a record 41 points to a 39-year high. Bitcoin has shattered one record high after another."