The markets again are reaching new highs. The DOW closed at another all-time high yesterday. This is the 109th all-time high since the 2016 election and 109 more all-time highs than the two previous Presidents reached in their entire first terms.
After President Trump was elected the stock market skyrocketed. The markets are a gauge of the economy and include expectations of the future. On November 8th, 2016, the DOW stood at 18,332. Since that date the DOW has soared. Yesterday the DOW closed at 27,493 – 9,160 points higher than the day of the 2016 election!
Not only has the DOW skyrocketed since Donald Trump was elected President, the market’s rise is record breaking. Since the 2016 election, the DOW has closed at new record all-time highs more than 100 times! The markets have set 109 new all time highs since the 2016 election.
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) in history. 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 2018 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; 7,000, 8,000 and 9,000 point increases in DOW history. No similar records occurred during the Obama years.
Also, President Trump didn’t ride an Obama wave, the DOW under Obama was down in 2015 and stayed relatively flat until the 2016 election. The DOW is now officially up 50% since the 2016 election.
Presidents GW Bush and Obama never reached a new all-time high in their entire first terms. Presidents Franklin Roosevelt, Truman and Carter never reached a new all-time high in their Presidencies.
President Trump has now increased the markets by more than any other President in their entire Presidency (when counting from their election win to the election day of their last year in office.)