Guest post by Joe Hoft
The ‘TRUMP MARKET RALLY’ (i.e. a Bull Market that is ‘Yuge’ and ‘Bigly’) continues to shatter the record books. Since Trump won the Presidential election on November 8th the US stock market has reacted with record setting new highs.
Out of 16 days since the election, the Dow has reached all time closing highs nine of these days! Another four of these days the Dow landed at its second highest close ever!
For more than 50% of the closings since the election, the Dow has reached new highs. For more than 80% of the closing bells the Dow has either reached a new high or its second highest closing to date. For only three days since the election, the Dow has not reached one of these two milestones!
Expectations are high with Trump as President elect. Reduced taxes, more jobs like those already saved at Carrier in Indiana and trade deals that put the US first are all pushing the Trump Market.
The rollback & replacement of stupid growth-constricting regulations will also make it less advantageous to leave US https://t.co/OUq3tNZs4i
— slone (@slone) December 1, 2016
Bank stocks rose nearly 19% in November and notched their best month in history! The US dollar has reached 13 year highs! No President elect and now possibly no market has reached such heights as the Trump Market since the election.
Even with all this winning, there are still liberals who want to report ‘Fake News’ about these exciting results. 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
Regardless of how the ‘Fake’ Mainstream Media reports it – this is clearly a Trump Market Rally.