Guest post by Joe Hoft
** TRUMP Records His 23rd New Stock Market High
** Market Up 17% Since Election
** 1 in 4 Days a New Record High
Yesterday the US Stock Market set another all time high!
The Dow Jones Industrial Average recorded its 23rd all time high of 2017 yesterday closing at 21,532. There have been a total of 120 days where the markets have closed since President Trump’s inauguration on January 20th. The ‘DOW’ has closed at all time highs 23 of those days for nearly 20% or one-fifth of the days the market has been open. The market is up 9% since the inauguration.
Since the election on November 8th the DOW has closed at record highs an amazing 40 times! Nearly one-fourth or 24% of the 168 days the markets have closed have been record highs since the November 8th election. The market is up 17% since the election!
Americans are benefitting greatly in their 401k’s from the recent change in Administrations.
When compared to President Obama, the current President is smashing it.
In Obama’s entire first term, the US stock market (DOW) never reached a new closing high. In years 2009, 2010, 2011 and 2012 the DOW never reached a new high once!
It’s clear on many levels and in nearly every possible economic measurement that America prefers President Trump over the prior President.