The stock market has never been higher than it has been under President Trump.
Stocks reached a record high on Monday as the Dow Jones Industrial Average rose above 28,322 to begin the week, marking a 10,000-point gain since Election Day in 2016.
In 2019, markets looked shaky at the end of quarter two before rebounding more than 11% from August lows. Gains have been sustained by the passage of the United States-Mexico-Canada trade deal and positive trade talks with China.
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What if I told you that Trump is not responsible for Dow at 10,000 just like Obama was not responsible for the recession.....
ReplyDeleteThe only difference is that obama was responsible for the recession
DeleteWhen the Fed keeps borrowing in "the best economy ever!!!" what do you expect. Debt doesn't matter anymore to Republicans. Aren't you supposed to pay down debt when you have this good economy? Or is it not politically expedient
ReplyDeleteSeems to me I recall predictions that the markets would crash and burn if Trump were elected. Oh, you wise and knowledgeable fools.
ReplyDeleteMortimer, Get back in there and sell!!!
ReplyDeleteTrading Places... the best Christmas film that never gets credit.
11:12 It's funny you say that. Obama did very little to help the overall US economy grow. His shining achievement over 8 years was a failed health-care bill, affectionately named after him (and maybe getting blacks to hate cops and NFL players kneel for the national anthem)
ReplyDeleteBut, Trump ran on lowering taxes for corporations, with the expectations that lower taxes would mean more investment in new equipment and employees. The latter is not deniable, since we now have the highest employment figures in our nation's history. The added money in corporation coffers have boosted earnings like we've never seen before and it's helping ALL of us.
So, maybe Trump DID have something to do with the record stock market after-all.
The Fed manages the markets
ReplyDeleteAll markets are rigged