President Trump is right again! The DOW in June broke a new record!
A week ago the President tweeted that June would be an historic month for the DOW –
Stock Market is heading for one of the best months (June) in the history of our Country. Thank you Mr. President!
— Donald J. Trump (@realDonaldTrump) June 25, 2019
President Trump was right (again)!
The DOW recorded its best June in 80 years – going up more than 7% for the month. MarketWatch reported –
U.S. stock benchmarks have mostly enjoyed a healthy run-up on the back of the Federal Reserve’s easier monetary-policy stance and hope for a China-U.S. trade pact.
Recent gains have helped the Dow Jones Industrial Average DJIA, +0.28% to ring up its best June gain of 7.2% since 1938 when the blue-chip benchmark surged an eye-popping 24.3% on the month, according to Dow Jones Market Data.
The S&P 500 index SPX, +0.58% notched its best June return, with a gain of about 6.9%, since 1955 when the broad-market benchmark rose 8.2%, while the Nasdaq Composite Index COMP, +0.48% was on track for a 6.9% return in June, which would represent its best June since a 16.6% gain back in 2000. The S&P 500 on June 20 notched its first record close since April 30, while the Dow is off less than 1% short of its Oct. 3 all-time closing peak.
Of course when measuring by points, the DOW has never increased this much in June in its more than 100 year history! (The S&P 500 also had it’s best June ever.)