The stock market is a barometer for the economy, and the economy is good.
In fact, it’s better than good. It’s fantastic.
The United States has not seen explosive growth like this, well… ever.
FOX Business reports:
Dow gains 10,000th point since Trump’s election
The stock market has been unstoppable under the influence of President Trump.
The Dow Jones Industrial Average crossed 28,332.74 on Monday, meaning it has rallied 10,000 points, or more than 54 percent, since Trump’s election victory on November 8, 2016. The benchmark S&P 500 has gained more than 46 percent.
“The rally has been driven by pro-growth measures, de-escalation of trade tensions, huge liquidity injections by central banks and a FOMO approach by investors worried about missing out on a remarkable U.S. market outperformance that has set one record high after the other.” Mohamed El-Arian, chief economic adviser at Allianz, told FOX Business.
The gains show why U.S. markets have become the envy of the world under Trump, who has followed through on his promises of cutting taxes and regulations and rewriting global trade deals in America’s favor.
By comparison, global exchanges such as Hong Kong’s Hang Seng and Britain’s FTSE have gained 20.4 percent and 6.4 percent, respectively, since Trump’s election win, while China’s Shanghai Composite has lost 7.2 percent, according to Dow Jones Market Data Group. Of the major global averages, only Japan’s Nikkei, up 44.1 percent, has come close to the gains of the U.S. markets.
This is fantastic news.
Wall Street Week…
S&P 500: All-Time High
Dow: All-Time High
Nasdaq: All-Time High pic.twitter.com/hf1U6FaxIl
— Charlie Bilello (@charliebilello) December 13, 2019
Took 103 years for Dow to first reach 10,000. Took another 18 years to move from 10,000 to 20,000. @realDonaldTrump economic boom added 10,000 points in just three years, helping Americans saving for retirement and college. https://t.co/Fw38ZFHBVj
— Marc Lotter (@marc_lotter) December 16, 2019
💥Record SMASHED 💥https://t.co/koZwSKuCTU
— Sean Hannity (@seanhannity) December 16, 2019
Trump BOOM: Dow Gains 10,000th Point Since Trump Election, Up 54 Percent https://t.co/R5nKZr6ZoK
— Dan Bongino (@dbongino) December 16, 2019
Another stock market record! https://t.co/0iylNqp6g6
— Breitbart News (@BreitbartNews) December 17, 2019
This is why Democrats only want to talk about impeachment.
They know they could never do this.