The Dow Jones has reached amazing new heights under the influence of President Donald J. Trump. Since his 2016 election victory, the stock market has gained 10,000 points. That’s an increase of 54 percent. The S&P 500, meanwhile, has gained more than 46 percent.
These are absolutely amazing numbers. The Dow Jones Industrial Average crossed 28,332.74 on Monday. This means that the stock market has gained 10,000 points since Trump’s historic election victory on November 8, 2016. Percentage-wise, we’re talking about an increase of 54 percent.
Mohamed El-Arian, chief economic adviser at Allianz, tells FOX Business that “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.”
If you compare Nasdaq’s performance with the performances of other global exchanges, the differences are stark. Britain’s FTSE 100 gained 20.4 percent. Hong Kong’s Hang Seng gained 6.4 percent. China’s Shanghai Composite actually lost 7.2 percent. Only Japan’s Nikkei was able to perform almost as well as U.S. markets: the Nikkei is up 44.1 percent.
Although a president can’t single-handedly grow an economy, he can get government out of the way, level the playing field (internationally), cut taxes and regulations, all of which enable companies and entrepreneurs to do what they do best: make money and create jobs.
This is what Trump has done. As a businessman himself, he understands better than most of his predecessors in the White House how to make the American economy thrive. People laughed at him when he said back in 2016 that he would be “the greatest jobs president God ever created,” but he was right. He is the greatest jobs president… and the greatest stock market-growth president too.
The only threat to this magnificent Trump boom? A possible Democratic victory next year. If that happens, the new president will undoubtedly tear down this amazing, robust economy in record time.