Guest post by Joe Hoft
Since the Trump win in the Presidential election on November 8th the US stock market has benefitted from a ‘Trump Market’.
Our definition of a ‘Trump Market’ is a ‘Bull’ market that is ‘Yuge’ and ‘Bigly’.
The Dow has reached all time highs 8 out of 14 days since the election (November 9th through 29th). That’s more than 50% of the time and that’s ‘Bigly’. The last Dow closing high before the election was in August.
Even with these incredible results, which no doubt have never been repeated in US history after a Presidential election, the liberal mainstream media denigrates its importance. One liberal report noted that “Consumer confidence soared to a nine-year high in November despite Donald Trump’s upset victory”.
such a dumb, bias and belittling spin:
“Consumer confidence soared to a nine-year high in November despite Donald Trump’s upset victory” https://t.co/DdIo4GHhbM
— Charles V Payne (@cvpayne) November 29, 2016
After the Dow reaching a new high on Friday the 25th, it was slightly lower on Monday the 28th and then reached it’s second highest close ever on Tuesday at 19,121. This prompted the ultra liberal Washington Post to note that the market had stalled.
— STOCK MONSTER ELECT (@Darren32895836) November 29, 2016
Regardless of how the mainstream media coin’s it – time to get ready for the Bigly Trump Market.