The DOW hit another new closing all time high today surpassing 27,300 for the first time ever!
The stock markets are major indications of an economy’s strength. They include valuations based on past and current financial data and company and market data. The markets also include expectations for the future. This is why it makes sense to measure a President’s impact on the markets from the day of the Presidential election rather than from the day of the inauguration.
The US Markets have been on fire since the 2016 election because President Trump won. On November 8th, 2016, the markets closed at 18,333. Today the DOW closed at 27,332. That’s a 49% increase in the DOW since the 2016 election!
Under President Trump the DOW has increased by nearly 9,000 points since the 2016 Presidential election (8,999)! This more than any other President in history!
Here are some more Trump stock market records –
* President Trump is the only President in US history to oversee two stock market rallies of nine days or more where the DOW set new highs each and every day.
* On February 28th, 2017, 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!
* Then in early August of 2017 President Trump reigned over a 9 day stock market rally with each day reaching record highs.
Since the 2016 Presidential election, the DOW reached record highs an amazing 106 times.
There were more stock market highs (71) in 2017, Trump’s first year as President, than any year in history.
The fastest 500 point increase between major milestones in the DOW (i.e. between 25,500 and 26,000) occurred on January 17, 2018. The DOW increased 500 points and surpassed 26,000 for the first time ever six days after the DOW surpassed 25,500 on January 11th, 2018, for the first time.
The fastest 1000 point increase, 2000, 3000, 4000, 5000, 6000, 7000 and 8000 point increases in the DOW between major milestones have all occurred since President Trump became President.
The DOW had its best day in history under President Trump. On December 26th, 2018 the DOW was up more than 1,000 points (1,086) in one day for the first time ever!
The DOW increased the most points in a single year under President Trump when it grew 4,956 points in 2017.
The story for President Obama is the near polar opposite. The markets were down by nearly 4,000 points when Obama won the election. They no doubt were going down as the markets realized early that Obama would win the 2008 election. The all time closing high before the 2008 election for the DOW was on October 9, 2007, when the DOW reach 14,165.
On election day, November 4, 2008, the markets had dipped to 9,625. Then after a few months the markets ultimately dipped by another 30% when the DOW dipped to 6,547 on March 9, 2009. The markets had literally no faith that the socialist former community organizer would help the economy.
In total in Obama’s first term (from 2009 through 2012) there were no new all time highs. The markets did recover but at a very slow pace. By the time President Trump won the election the markets had rebounded to 18,333 on November 8, 2016.
In total, from his election win to President Trump’s win the DOW had increased by 8,707 points. The DOW incurred 105 new all-time highs during Obama’s eight years in office.
And to think that the markets would be much higher for President Trump if the Fed hadn’t increased rates multiple times whenever a new market milestone was reached.
The Fed kept rates at zero percent for most of Obama’s time in office. Obama’s recovery was the worst since the Great Depression.
As soon as President Trump won the 2016 election, the Fed began to increase rates radically.
If the FED had kept rates at Obama levels we would be seeing much higher markets, a much higher GDP and a reduction in the US debt load. In spite of the Fed’s left leaning political actions to stop the great Trump economy, the economy is on fire. Trump economic team leader Larry Kudlow knows it –