The Economy –
The US stock market is a barometer of the economic activity of the entire country. Since Donald Trump was elected President it has skyrocketed.
On Wednesday, January 17th, 2018, the Dow broke 26,000 points for the first time in its history. As a result the Dow broke the record for the fastest 500, 1,000, 2,000, 3,000, 4,000, 5,000, 6,000 and 7,000 point increases between major milestones in the history of the Dow. All of these increases occurred since Donald Trump was elected President.
The Dow today stands at 26,071.7. It is up 42% since the 2016 election and 31% since last year’s inauguration. The Dow had more all-time closing highs in 2017 than any year in history. President Trump enjoys 95 all-time highs since his election and 78 since his inauguration. The Dow is up an amazing 7,739 points since the election.
Americans of all walks of life are seeing their 401k’s explode in value because of President Trump. Marvelous. Obama couldn’t do that. He just couldn’t.
From the 2016 election to the end of 2017, stocks rose 26 percent, propelled by advances in tech stocks, according to Wilshire Associates. That’s a paper gain of $6.7 trillion.
Since his election win, the Trump rally has added $6.7 trillion to the nation’s wealth. Anyone with a 401k, an IRA, college savings, retirement savings, mutual funds. Anyone with a dime in the market has taken a piece of that $6.7 trillion.
Also, during this presidency, 5 American companies have emerged as global technology leaders. You know their names: Apple, Amazon, Alphabet, Microsoft and Facebook. It’s a technology world, and American companies have seized the future.
It’s astonishing that the world of money is so exuberant, while the political world is so contemptuous of this president and his policy of growth.
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