Posted on 02/21/2017 8:06:12 AM PST by Enlightened1
Given that continued rise in the stock market, it’s no wonder that Mr. Trump wants to take credit for it. Investor and traders say that the gains reflect hopes that Mr. Trump will enact business-friendly policies like lower corporate taxes, looser regulations and infrastructure spending.
As many are quick to point out, if Mr. Trump takes credit for the stock market rally, he also must take credit for any reversal. And many are worried that market is getting ahead of itself as valuations rise even without full clarity on the administration’s policy priorities, setting stocks up for a resurgence in volatility.
Still, the rally under Mr. Trump ranks fifth among presidents inaugurated since the Dow Jones Industrial Average was created in 1896. In addition to Mr. Roosevelt, William Taft, William McKinley, and Theodore Roosevelt also took office alongside bigger stock market rallies. Mr. Trump’s rally ranks third among presidents beginning their first terms.
The S&P 500, a newer benchmark, tells a similar story. The S&P 500 is up 3.5% since the president took office, the fifth best on record, and the biggest gains since Bill Clinton began his second term in 1997, according to WSJ Market Data Group. Mr. Trump ranks third among presidents beginning their first terms.
(Excerpt) Read more at blogs.wsj.com ...
Hence, why the WSJ is saying only from Jan 20th.
Go President Trump!
The dollar-denominated RTS Index, which tracks the 50 biggest Russian companies traded on the Moscow Exchange, gained over $28.9 billion in market cap between Trump's election and Friday, Jan. 13, bumping the combined market cap of the exchange up to $174.9 billion.
Mexico is up even more
I’ve been watching the price of silver since the inauguration.
That may be an indication, of whether Trump was serious, about rejiggering our trade situation.
Not the market indexes.
We will see.
WSJ - the obituaries of financial news
WSJ - Stating the obvious! Are all statistics news?
Russell 2000, which measures small-cap stocks (certainly more affected by Trump's regulation rollbacks, IMO) up a little more than 14%, from 1232 to 1407.
Interestingly, if you go back a week or two on the Russell, you can see a big dip prior to the election (Hillary Wins, for sure!) then a runup to the election (Waitaminute, here!). The value on Nov 4th was 1156, or a rise of almost 22%, where the really smart money started getting back in....
Wait a minute. I thought the nation was in “chaos” and in the middle of a “Constitutional Crisis” because of Trump. How can the market be going up with all this “chaos”.
The never Trump freaks that have a 401 now know it’s safe and gaining and they will still be pi$$ed off twisted minds indeed.
In any case, I told him to put up or shut up on the markets--if he felt certain they would decline after Trump's win, I told him to short everything.
He muttered something like, "I don't need your advise, I'm already planning accordingly."
Yeah, right. I only hope liberals like them are on the sidelines, missing out on the gains.
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