DONALD TRUMP, MAKING THE ECONOMY GREAT AGAIN …
The stock market and the economy is booming because of President Donald Trump’s vision of lower taxes and less business regulation. The Dow Jones was up 31% during President Trump’s first year. There is no dot com bubble, it is not an economy propped up on speculation or by the Fed. Americans are at an all-time high with consumer confidence, and why shouldn’t they? The Dow is at 26,000 and counting. Unemployment continues to go down as black and Hispanic unemployment is at an all-time low. Everyone is benefiting from the Trump economy. All this and the US economy has not even felt the full effects yet of the Trump-GOP tax cuts. It is time to give President Trump his due.
- The 30-stock index has surged more than 31 percent since Trump’s inauguration.
- That marks the index’s best performance during the first year of a president since Franklin Roosevelt.
- “You’ve got lower taxes, less regulation and confidence in the economy is high,” said one investor.
- The S&P 500 has surged 23 percent during Trump’s first year in office.
Donald Trump lifted the Dow Jones industrial average in his first year in office more than any other president since Franklin Roosevelt.
The Dow has surged more than 31 percent since Trump’s inauguration on Jan. 20, 2017. That marks the index’s best performance during a president’s first year since Roosevelt. The Dow skyrocketed 96.5 percent during Roosevelt’s first year in office
“This is all about policy,” said Bruce Bittles, chief investment strategist at Baird. “You’ve got lower taxes, less regulation and confidence in the economy is high. Things are firing on all cylinders.”
Trump quickly moved to cut regulations enacted by previous administrations. He also successfully pushed to overhaul the U.S. tax code. That revamp included slashing the corporate tax rate to 21 percent from 35 percent.
INCREDIBLE … AND THIS HAS EVERYTHING TO DO WITH TRUMP.
Wasn’t it just like last week we were talking about DOW 25,000? In record time, the DOW has reached a record high at 26,115 and has closed over 26K. This is absolutely amazing and millions of Americans are benefiting in it in their 401K’s and stocks. The nay sayers who would love to talk the economy and markets down to damage President Trump say a correction is near. However, at CNBC, hardly a right-wing media outlet, they think Apple and some others could get the DOW to 27,000.
Another day, another record-breaking milestone for the Dow Jones. The blue-chip index went over 26,000 for the first time ever Tuesday, just seven trading days after surpassing 25,000 and less than a year since hitting its monumental 20,000 level.
Now, the question is, how soon will the Dow hit its next 1,000 point marker?
Broad strength in equities should support those gains as we move deeper into the year, according to Rich Ross, head of technical analysis at Evercore ISI.
25,000 AND COUNTING …
Yesterday, the Dow Jones industrial average broke above 25,000 for the first time, tying the fastest 1,000-point move in its history. In the wake of strong jobs reports, the GOP Tax cut passage, strong consumer confidence and a low unemployment rate, the DOW surged 25,000. The nay sayers in the liberal media claimed Trump was going to be terrible for the economy and the stock markets. Guess who was wrong again?
The Dow Jones industrial average broke above 25,000 for the first time on Thursday, tying the fastest 1,000-point move in its history, following the release of stronger-than-expected jobs data.
“The Dow hitting 25,000 was a pretty wild idea even a year ago. And while its symbolically important, the real story is never just a number. It’s the underlying strength that is pushing markets this high,” said Steve Claussen, vice president of trader strategy at ETRADE.
UPDATE I: And its up again today another 86 at this moment.
OF COURSE THE LIBERAL MSM, DEMOCRATS AND THE LEFT WILL TELL YOU TRUMP HAD NOTHING TO DO WITH THIS …
President Donald Trump made the DOW great again. As reported at CNBC, the Dow Jones industrial average is up more than 5000 pints in one year. This is the first time in the 121-year history of the Dow that this has ever happened. Of course it is just coincidence that this occurred with Donald Trump as President. The Dow is currently at a record high and soon will be over 25,000 when the Tax bill is signed later today.
The Dow Jones industrial average just did something it has never done in its 121-year history.
The 30-stock average is now up more than 5,000 points in a year, marking its biggest annual-points gain ever. This following a 140-point rally Monday which sent it to an all-time high.
The Dow also notched a record close for the 70th time this year, which is another milestone. To put that into perspective, it means that about one of every four trading sessions this year has been a record close for the index.
The Dow, along with the S&P 500 and the Nasdaq composite, has had a banner year, rising 25.5 percent. The S&P 500 and Nasdaq are up 20.2 percent and 29.9 percent, respectively.
A TALE OF TWO ECONOMIES …
The comparison of the Donald Trump and Barack Obama economies can best be describes like a Tale of Two Cities, “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair.” Guess which one was which? Just look at the color codes numbers below that compare November of 2016 under Obama and November of 2017 under President Donald Trump. Even partisan Democrats can compare these numbers. Ever wonder why the liberal, bias media does not want to tout Trump’s accomplishments and continuously report on a Russian collusion story that does not exist? Because Americans are back to work, including Blacks and Hispanics. Under Obama in Nov. 2016. Black unemployment was at 8.1% and for Hispanics 5.7%. However, under Trump in Nov. 2017, Black unemployment is down to 7.3% and Hispanics at 4.1%. In Nov. 2017, manufacturing unemployment rate fell to a record low under Trump. The manufacturing sector added 31,000 jobs, while its unemployment rate fell to a record-low 2.6%. Under Obama, he claimed the manufacturing jobs were gone for good and many were lost on his watch.
For Barack Obama, he was the Food Stamp president. Donald Trump is the economic recovery president. Add the Stock market president too. The DOW is currently at 24,329.16. Remember when the foolish LEFT said on election night that the Stock market was going to crash because of a Trump election? How did that work out?
NOV 2017 (DONALD TRUMP)
Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, manufacturing, and health care.
Household Survey Data
The unemployment rate held at 4.1 percent in November, and the number of unemployed persons was essentially unchanged at 6.6 million. Over the year, the unemployment rate and the number of unemployed persons were down by 0.5 percentage point and 799,000, respectively. (See table A-1.)
Among the major worker groups, the unemployment rate for teenagers increased to 15.9 percent in November. The jobless rates for adult men (3.7 percent), adult women (3.7 percent), Whites (3.6 percent), Blacks (7.3 percent), Asians (3.0 percent), and Hispanics (4.7 percent) showed little change.
The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 1.6 million in November and accounted for 23.8 percent of the unemployed. Over the year, the number of long-term unemployed was down by 275,000. (See table A-12.)
NOV 2016 (Barrack Obama)
The unemployment rate declined to 4.6 percent in November, and total nonfarm payroll employment increased by 178,000, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in professional and business services and in health care.
Household Survey Data
In November, the unemployment rate decreased by 0.3 percentage point to 4.6 percent, and the number of unemployed persons declined by 387,000 to 7.4 million. Both measures had shown little movement, on net, from August 2015 through October 2016.
Among the major worker groups, the unemployment rate for adult men declined to 4.3 percent in November. The rates for adult women (4.2 percent), teenagers (15.2 percent), Whites (4.2 percent), Blacks (8.1 percent), Asians (3.0 percent), and Hispanics (5.7 percent) showed little or no change over the month.
The number of job losers and persons who completed temporary jobs edged down by 194,000 to 3.6 million in November. The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.9 million and accounted for 24.8 percent of the unemployed. Over the past 12 months,the number of long-term unemployed was down by 198,000.