It’s Official – President Trump’s Stock Market Rally Is Already One for the History Books
Guest post by Joe Hoft
The Main Stream Media (MSM) is not reporting that the Trump Stock Market Rally is Already One for the History Books!
** On Friday President TRUMP Recorded His 34th Stock Market Record High of 2017
** For 8 Days in a Row the Stock Market has Reached All Time Closing Highs
** The Market Is Up More than 20% Since the November Election
** More than 1 in 4 Days is a New Record High
The Dow Jones Industrial Average recorded its 34th all time high of 2017 on Friday closing at 22,092. There have been a total of 137 days where the markets have closed since President Trump’s inauguration on January 20th. The ‘DOW’ has closed at all time highs 34 of those days or one out of every four days since the inauguration. The market is up 11% since the inauguration.
Since the election on November 8th the DOW has closed at record highs an amazing 51 times! More than one-fourth or 27% of the 185 days the markets have closed have been record highs since the November 8th election. The market is up more than 20% since the election!
* The DOW took just 66 days to climb from 19,000 to above 21,000, the fastest 2,000 point run ever. The DOW closed above 19,000 for the first time on November 22nd and closed above 21,000 on March 1st.
* The DOW closed above 20,000 on January 25th and the March 1st rally matched the fastest-ever 1,000 point increase in the DOW at 24 days.
* The S&P 500 and the NASDAQ have both set new all-time highs during this period.
* The US Stock Market gained $4 trillion in wealth since Trump was elected!
* The S&P 500 also broke $20 Trillion for the first time in its history.
On February 28th President Trump matched President Reagan’s 1987 record for most continuous closing high trading days when the DOW reached a new high for its 12th day in a row!
Now this – with the DOW reaching new highs another 8 days in a row these past two weeks, President Trump became only the 2nd President in US history with 2 different periods of 8 or more days in a row of all time highs!
Only 7 Presidents have overseen stock market rallies with 8 or more days in a row of all time highs – Hoover in 1929, Eisenhower in 1955, LBJ in 1964 and 1965, Reagan in 1987, Clinton in 1996, Obama in 2013, Trump in 2017 and Trump again in 2017. President’s Trump and LBJ are the only 2 Presidents where the DOW reached all time highs 8 days in a row twice!
Also, only LBJ has more stock market closing highs in his first year in office. LBJ oversaw 62 all time stock market highs in his first year in office in 1964. President Trump has 34 to date in only a half a year. If this pace continues, President Trump will match or surpass LBJ and it is highly likely that he will with many of his policies and actions just starting to have positive impacts on the economy.
Americans are benefiting greatly in their 401k’s from the recent change in administrations. When compared to President Obama, the current President is smashing it. Before the November election the last time the US Markets closed at a new high was in August 2016. 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!
Unemployment is going down, good paying jobs are increasing, the US GDP broke $19 Trillion for the first time ever under President Trump, the US debt is down $100 billion since the inauguration and Americans are making money again!
Winning, Winning, Winning!