The MSM won’t tell you but last week was the best first week of a new year ever in the more than 100 year history of the Dow!
Yahoo news reported on Friday that –
With the New Year’s Day holiday falling on a Monday this year, it was the strongest first four trading days to a year in more than a decade for all three major indices, according to Reuters data. For the Dow, it was the strongest start since 2003 and for the Nasdaq and S&P 500 it was the strongest since 2006.
CNBC reported on Friday that –
The Dow and Nasdaq enjoyed their best start to a year since 2006, notching their biggest four-day gain to kick off a year since then.
These reports are endemic of the type of financial reporting that the Trump Stock Market rally has received from the MSN over the past year. The MSM just can’t provide an accurate and optimistic report on the economy no matter how good it is. They always under report the historical significance of the Trump Stock Market rally and economy.
What the MSM does not report about last week’s rally is that it was the greatest first week of a new year in the more than 100 years of the Dow reporting. The Dow was up 576 points for the week. This is the most the Dow has ever gained in its first week of any year since the early 1900’s when the Dow first started being calculated.
At the end of 2017, after the greatest year in Dow history, where the Dow increased 4,956 points during the year, the Dow closed at 24,719. On Friday the Dow closed at 25,295. This has never happened before. The most the Dow has increased in the first week of the year in points before this past week was in 2003 under President GW Bush, when the Dow as up 398 points. The worst first week of the year was in 2016 under Obama when the Dow decreased by (910) points.
The stock market last week hit three new all time highs in its four days of trading. This has only happened seven times in the past 100 years, in 2018, 1994, 1992, 1987, 1964, 1959, and 1966 when it increased four times in the first week of the year.
The MSM just can’t report the point increases for the Dow because they are the best ever! They prefer to stick to percent of increase because it minimizes the historical results of the Trump Stock Market Rally.
Another way the media discounts the Trump stock market is to suggest that it is an extension of Obama’s market, but this is clearly not true by just looking at the Dow results from 2015 through today.
The stock market actually went down in 2015.