1. The new records have everything to do with earnings.
2. Economies around the world have performed better.
3. The seasonal factor is playing a big role.
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How coincidental that these factors occurred right as the Orange Monster was elected US President. No doubt the same would have happened if the saintly Hillary had been able to assume her rightful spot in history. (Oh, no, in that case the jump in stocks would have been entirely her accomplishment!)
If it wasn’t doing well, Donald J. Trump would be blamed.
Trump is lifting the regulatory boot off the economy’s neck. Tax reform will probably happen. And he isn’t the economy killer Hillary Clinton would have been.
the stock market is doing well because:
The stock buy backs over the years have pushed prices up.
The low interest rates give yield chasers no where else to go.
The Baby boomers have almost no retirement savings and they are playing “catch up” by taking horrible risks with their retirement money.
Because, on balance, Trump is pro-business. Consequently, the folks who run American Business don’t have to spend half their time watching their backs from the likes of Hillary and Obama. They can focus on making their business prosper.
President Trump’s Accomplishments …. So Far
• Appointed conservative Neal Gorsuch to Supreme Court
• Mike Pence as vice-president
• Record high stock market
• Removing abortion benefits from health care
• Allowed health insurance to be bought across state lines
• Brought many jobs to US, stopped jobs from leaving
• Economy up higher than any time in 8 years of Obama
• Winning war against ISIS … Obama said not possible
• Ended Paris Climate Accords for USA
• Confronting N Korea about their threats
• Reassessing Iran Nuclear Accord … making Congress responsible
• Building a wall
• Illegal immigration down 70%
• Getting European countries to pay their share of NATO
• Renegotiating trade deals that are bad for USA (NAFTA, etc.)
• Rebuilding military and military morale
• Called out Bergdahl as a deserter … court confirmed
• Showing respect to members of police, fire, military
• Improving taxes and tax rates
• Called out NFL for their unpatriotic demonstrations
• Called out fake news sites (CNN, etc.) for their fake news
And (most of all)
• Prevented Hilliary from being President!
Stocks are priced according to sentiment for what is going to happen six to nine months down the road. Since Trump has taken office he has rolled back in the past 9 months innumerable business strangling regulations with the promise of more to come. This has caused consumer confidence and business confidence to be a 15 and 17 year highs and this in turn has caused traders to buy in anticipation of greater profits to come because in the end it is corporate profits that drive the Dow and this is what the traders and plain folks like me are seeing down the road
Who says Trump is doing terribly the media
He will NEVER get any credit while it is going up, but I guarantee he will get the BLAME if it starts going down.
One could also ask why did the S&P go up 235% under Obama’s watch? There were some that were so convinced Obama was going to tank the stock market that they bailed out and/or put money in gold or some other such nonsense.
Sure — the markets went up mainly went up because of the rebound from the 2008 crash and the fed artificially pumping money into the economy. Still — one would think Obama’s awful economic policies would have offset that and had some impact. But it didn’t. The market did well IN SPITE OF Obama.
The market is a complicated equation and one can’t just use politics to gauge the outcome of the stock market.