Guest post by Joe Hoft
President Trump Breaks the Century Mark! Today the DOW reaches its 100th all time high since candidate Trump was elected President!
As soon as candidate Donald Trump was elected the DOW exploded. On November 8th, 2016, the DOW stood at 18,332. Since that date the DOW has soared and never looked back.
Not only has the DOW skyrocketed since Donald Trump was elected President, the market’s rise is record breaking. As of today and since the 2016 election, the DOW has closed at record all-time highs 100 times! With today’s market closing, the DOW reached another all-time high, President Trump broke the century mark!
Today the DOW closed at 26,656 for a new all-time high. The previous record was set in January 2018 at 26,616.
(President Obama never saw a new all-time high in the DOW his entire first term and only saw 105 all-time closing highs from his first election win until Trump’s.)
President Trump’s first year in office (2017) saw the most all-time stock market closing highs (71) as well as the largest increase in DOW history (4,956 points). Prior to 2017, no year in the DOW’s more than 100-year history ever saw the DOW increase by more than 3,500 points, let alone 4,900. The most all-time highs in a year prior to 2017 was 69 in 1995.
Since President Trump was elected President the DOW tied the record for the most all-time closing highs in a row. In January of 1987 President Reagan saw the DOW increase to new all-time highs a record 12 days in a row. In February of 2017, President Trump matched Reagan’s record.
The DOW reached its fastest 500 point increase between major milestones under President Trump. In January of this year the DOW surpassed 26,000 and six days later the DOW surpassed 26,500. Under President Trump the DOW has seen the fastest 1,000; 2,000; 3,000; 4,000; 5,000; 6,000 and 7,000 point increases in DOW history.
