Trump’s First Year: Wall Street Hits an All-Time Record

This week, the Dow Jones Industrial Average accomplished something for the first time in 121 years: It gained 5,000 points in a single year – the largest gain in value Wall Street has ever seen in a 12-month period. After a 200 point rally on Monday, the news was official, and there was no ignoring the fact that President Donald Trump – declared an economic disaster by so many naysayers when he was on his way to the White House – had more than a little something to do with it.

Now we’re not giving Trump full credit for the exploding stocks – there is always a bit of mythmaking involved when a president gets too much credit (or too much blame) for the overall economy, especially when it pertains to Wall Street. That said, there’s no denying that Trump’s presidency is positively correlated to the unprecedented boom we’re seeing in the stock market. Investors like what they’re seeing from this president, who has made rolling back Obama-era regulations one of his most treasured pastimes. And with an extraordinary tax bill expected to hit the president’s desk before the end of the year, investors are more excited than ever about the possibilities of this administration.

But that’s not the only economic indicator that bodes well for the president. According to the CNBC All-American Economic Survey, Americans are more optimistic about the economy than they have been in at least eleven years. More than half of those surveyed said they saw the economy as either good or excellent, and a “near record” 41 percent of respondents said they expected even better things from the economy in the coming year.

From CNBC:

The survey found that 42 percent of Americans expect their wages to rise in the next year, and 41 percent of homeowners see their home values going up, the highest level recorded since 2007. In 2011, while the country remained in an economic funk from the financial crisis, just 15 percent of homeowners thought their home prices would rise.

Trump’s approval rating has mostly been disconnected from the better economic data but that could be changing. With gross domestic product rising strongly the past two quarters and the unemployment rate remaining low, Trump’s approval rating has jumped.

Forty-two percent in the poll approve of the job Trump is doing as president, up 4 points from the September survey, while 49 percent disapprove, down 3 points. The president’s net negative rating of minus 7 (approval minus disapproval) is half of what it was in the summer and his best showing since taking office but still weak for such a strong economy.

If the economy can make good on the expectations, we could be looking at an extraordinary American boom over the next couple of years. And then it won’t matter how many faux-scandals and controversies the Democrats throw at the president, re-election in 2020 will simply be a matter of math.

 

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105 comments

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  2. Great news! Thanks for this article! I’ve posted this entire article at Political Rhetoric and expect a ton of comments – happiness from conservatives, hate from leftists.

    • It’s not hate. Its disgust. Is Political Rhetoric another wall in the alt-right echo chamber?

      • Would you be so kind as to explain the difference between hate and disgust?
        Dictionary says about “disgust”:

        VERB (used with object)

        1. to cause loathing or nausea in.

        2. to offend the good taste, moral sense, etc., of; cause extreme dislike or revulsion in: Your vulgar remarks disgust me.

        NOUN

        3. a strong distaste; nausea; loathing.

        4.
        repugnance caused by something offensive; strong aversion
        :

        Dictionary says about “hate”:

        VERB (used with object), hated, hating.

        1.

        to dislike intensely or passionately; feel extreme aversion for or extreme hostility toward; detest:
        to hate the enemy; to hate bigotry.

        2.

        to be unwilling; dislike:
        I hate to do it.

        verb (used without object), hated, hating.

        3.

        to feel intense dislike, or extreme aversion or hostility.

        noun

        4.

        intense dislike; extreme aversion or hostility.

        5.

        the object of extreme aversion or hostility.

        adjective

        6.
        noting or relating to acts that are motivated by hatred, prejudice, or intolerance:

        • Tasine, thank you for your comment! I just love it when cold, hard facts make libbies’ head start spinning off into a different realm. The most intelligent argument they can make is, “No, I’m not stupid, you are stupid.” And we all know that the libby loonies are the epitome of “unstupid.”

      • Please drop dead liberal dem bloodsucker

  3. In spite of the nay sayers, AKA progressive communist make believe democrats, the stock market has taken off and the economy is following right behind for good reason. For nearly 16 years now the economy has been held back. The first eight years of that was more or less because of 9/11 and Bush 43’s inability to know what to do to correct the recession. When he suggested a bail out for the banks everyone should have known how ineffective such action would be. Then along came barack obama and doubled down but not for the same reason. However, obama put so many regulations in place to hold businesses down. (because if the economy took off it would ruin the plan for a fundamental transformation). The fact that they are no longer restricted by those unnecessary and worthless regulations and the current president has removed them the economy will, I believe, with this tax cut take off and the DOW may very well hit 31000 as predicted some time ago.

    Right now the progressive communist make believe democrats are gambling the tax cut will not generate a boom in the economy. A stupid gamble at best. When is it bad to allow the tax payer to keep his own money? As a matter of fact they are collectively condemning the tax cut as bad for the economy and the middle class. When has a tax cut ever been bad for the economy? I’m not certain they realize what it is they are risking here. However, what they are risking is a huge loss in legislative branch seats come November 2018’s election. What is actually happening is the opposite of what happened under obama. obama managed a lost in 10,12,14 and 16, a total of 1046 political seats, when Federal, State and local elections are all counted.

    President Trump is a pragmatist, in other words a problem solver. Such a person, to the best of my knowledge, has not been president since Washington. Unless it could have been Calvin Coolidge. However, this president is just what the doctor ordered for America. Both parties have begun to see themselves as all powerful. Thanks to the few elites in the republican party and the many progressive communists in the democrats party. If America is to survive and remain a free America some changes are necessary in both parties. Perhaps both should go the way of the Whigs.

    Most presidents in the past have made campaign promises and once in office forgot about them. Not President Donald J Trump he intends to keep them “all of them.”

    By the way democrats brace yourself, you see, this tax cut is just the beginning. There will be more good things to come!

    • The fundamental error of every novice investor is the illusion that there will be a “fundamental transformation” of the stock market, when really the rules never change. Stock pricing is about value and growth, and Trump has not contributed anything along those lines. If the Dow hits 31000 anytime soon, it will represent a bubble and foreshadow a tremendous correction, i.e. crash.

    • Thanks for a great post!

      • Yay…if you are a simpleton…trump has done something….a bunch of signings that were vindictive actions against the accomplishments of President Obama and Congress passed a terrible “tax reform” bill that made the rich(1%) richer-bad

        • Oh look, a smug liberal calling others simpletons then proceeding rather predictably to prove who the real simpleton is by spewing the absurd nonsense he swallowed whole because he’s not the brightest bulb in the box. Richie why don’t you do the grownup reading public a favor take a long walk off a short Pier?

        • What are the accomplishments of Obama? Two liberal Supreme Court justices and many liberal lower court judges, an economy that went nowhere for 8 years, the most corrupt administration since Richard Nixon, 4 unnecessary deaths in Benghazi, the rise of ISIS, a health insurance bill that is dying under its own weight, a return to 1960’s era racism (emanating from Obama himself and Holder), an Iran deal that was a no-deal for America because we gave everything and got nothing, a move against our closest ally Israel, a diminishment of our standing in the eyes of the world, high unemployment for most of his 8 years, ridiculous regulations that were holding back business, not signing off on the pipeline but getting ready to sign off on a ridiculous climate change deal that would only hurt America and so much more. So please tell me what are those accomplishments !!!!!

          • Obama has two accomplishments the are outstanding. Notice I did “not” say two outstanding accomplishments.

            He told more lies then any president in history (I have a list of over a thousand) and he ran up more debt then all the rest of the presidents (all 43) put together. I can say those accomplishments stand out at least to me.

          • Trump tells more lies weekly, slick.

          • Patriotic American

            U cant even name 1 lie Trump said. All other have claimed he lied, but ALL HAVE BEEN DEBUNKED. Its the MSM that are lying. U need to stop watching CNN, and their lies.

          • “Obama invented Isis” He not only lied, when they gave him a chance to retract, he doubled down. You’re a fool. Goodbye.

          • MORON. You liberal, brain dead A$$HAT$ never cease to amaze me with your stupidity. Try watching the real news, not the Communist News Nutcases.

          • Angry because your life didn’t turn out the way you wanted, I see. Sad. You wouldn’t know real news if it bit you on the nose. Enjoy your safe space, you hysterical cupcake

          • Don’t forget he also created the anthem kneelers, the flag burner’s, the professional ‘protestors’ and all the hypocritical hate and division that keeps them going.
            Oh, and he also put men in the women’s restroom.

          • natalie-

            trump signed this executive order-

            Revocation. Executive Order 13673 of July 31, 2014, section 3 of Executive Order 13683 of December 11, 2014, and Executive Order 13738 of August 23, 2016, are revoked.

            In general it rolls back womens rights in the work place-

            Can you as a human being justify this?

            Here is a detailed explanation-

            Here’s is Trump’s revocation of Executive Order 13673

            Here is Executive Order 13673 itself

            What 13673 says in a nutshell is that any federal contractors (person or company that is paid by the United States Governement for goods or services) that is paid more than $500,000 by the USG for goods or services must adhere to 14 different rules for at least 3 years.

            These 14 rules are:

            -Fair Labor Standards Act

            -Occupational Safety and Health Act of 1970

            -Migrant and Seasonal Agricultural Worker Protection Act

            -National Labor Relations Act

            -Davis-Bacon Act

            -Service Contract Act

            -Executive Order 11246

            -Section 503 of the Rehabilitation Act of 1973

            -Vietnam Era Veterans Readjustment Assistance Act of 1974

            -Family Medical Leave Act

            -Title VII of the Civil Rights Act of 1964

            -The Americans with Disabilities Act of 1990

            -Age Discrimination in Employment Act of 1967

            -Executive Order 13658

            These cover everything from ensuring a decent minimum wage, policies for Vietnam War vets, proper maternity leave, etc.

          • https://www.cnsnews.com/commentary/hans-bader/executive-order-13673-pressures-employers-capitulate-baseless-demands-and
            Once again Richie you are embarrassingly misinformed. As a human being with the ability to think critically, and for herself, with more than one misguided braincell yes, I can entirely justify this. He put a stop to Obama’s business killing executive over reach and absolutely ridiculous ‘social justice’ above common sense agenda. Your ‘detailed explanation’ doesn’t actually explain anything, which doesn’t surprise me at all. If you weren’t so quick to swallow nonsense liberal propaganda custom designed for the easily manipulated such as yourself and just did a bit of research you could have found this out on your own. Seriously Richie, don’t you ever get tired of frantically ringing the alarm bell for the Democratic party every time they beckon with this type manufactured hysteria like the good useful idiot you are?

          • Here is a summary of the order President Obama put in place-

            Specifically…Where is the over reach???

            Less important but I am interested in-Where is”…absolutely ridiculous ‘social justice’ above common sense agenda.” found in this order.

            BTW-Why can’t you stop the ad hominem attacks on me?

            I will walk away from them if you will.

          • proof…documentation…anything other not proven opinion- If you can’t back it up with the facts you’re just blowin’ smoke.

          • Oh you mean like all the made up bullcrap, you post? MORON.

          • Like your made up hooey is any better? Try again when you finish crying

        • Dude you must be a willfully ignorant individual or a simple liberal troll.
          Obamas first act was a TAX INCREASE, that removed over 300 billion dollars from us every year. In addition he eliminated the Bush tax relief taking another 200 billion from us.
          But he wasn’t done, for good measure he added over ten Trillion to our collective debt.
          More than all the presidents before him.
          Trump could care less about Obama. He is a has been that should have never been,
          Trump is a patriot and cares about the country and the people, everything Obama wasn’t.
          The bad news for people like you is that numbers don’t lie only liars.

        • Richie, I would tell you how predictable you libbies are, and how Barry pulled the wool over your eyes, or how great a job Pres. Trump is doing……but I won’t because my fellow Conservatives have pretty much covered it. ;^)

          Merry Christ’s Birthday

        • You are not just a simpleton, you are a complete FU%*ING DILLWEED, not to mention a communist A$$HAT.president Osama accomplished NOTHING for the good of Americans. All of his accomplishments were for the good of ISLUM, and our nations enemies He created the greatest racial divide this country has ever seen, He destroyed the idea of a good clean wholesome family, by getting Fags married, He nearly destroyed our military, by allowing sick freaks to join, and for getting them to make taxpayers responsible for their penis removal, and or vagina mutilation. He has sexual deviants going into the ladies rest rooms, legally. Osama did nothing for America, so far. Hopefully, that racist P.O.S. will die from AIDS he got from his husband Moochella

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    • Like your impending sad and lonely death!

    • Excellent, simply excellent!

    • Amen to this!

    • Melanie and Bob Luther

      Couldn’t have said it better. Spot on!

    • Excellent post, well said!

  4. Truly great news! Yet the liberals will deny deny deny!

  5. Can you tie anything Trump has done to the Wall Street numbers? No, this is still Obama’s economy. The only possibility of a Trump effect is that the market is pricing in the corporate tax cut now, meaning the tax cut itself will not do a god damn thing to boost the economy in future and the stock market will either stagnate or correct until real value comes back into play. Can anyone here explain what Trump has done to increase the value of stocks? Fuck no.

  6. President Trump is doing just fine thank you! Trump is a hero – the dumos are zeros

  7. It great for a Republican, but only like the fourth best years for the economy over all.

  8. *RAGING HATING RAD-LIB DEMS.* ARE HAVING *MELTDOWNS* ON A DAILY BASIS!

    THANK YOU GOD FOR THAT > THE *SIMPLE CLARITY* IS THAT ALL MEANS => WE ARE ON THE RIGHT TRACK !!!

    ONLY YOU “LORD” > CAN “DELIVER” ALL THOSE *ENSLAVED* TO THE SPAWNED OUT OF THE *PREVIOUS 8 YEARS* UNDER THE OPPRESSION OF THE (OBAMA / CLINTON ISLAMIC CALIPHATE) DEDICATED TO THE *DEMONIC ISLAMIC* (NWO) OVERTHROW OF THE UNITED STATES !!!

  9. In the beginning, I was one of those skeptics of Mr. Trump’s qualification and experiences for leading this great nation. After I heard his speeches I was happy that his ideas coincided with mine. Gradually I liked him and admired him more and more. I prayed for his victory. Feel fortunate to have him as our president. Those people who disapprove of the president have been blindly led by the negative reports and bashes level on the president by the mainstream media and the vicious attacks and lies from the democrats. Under all these atrocious situations, President Trump remains strong and determined to carry out his agenda to make America great again.

  10. Patriotic American

    The democrats are so stupid, we the people see how corrupt they are and they keep pilleing on more lies. It is unbelievable how dumb they are. Any one with 1/2 a brain can see Trump has broken EVERY RECORD A PRESIDENT HAS EVER MADE. The stock market has NEVER SEEN RECORD HIGHS, unemployment down, the GPA is over 3% and going up, manufactures moving back to the U.S. Now look at Obamas WH and what do you see.Murder across the country up, unemployment highest ever seen, companys moving out of U.S. due to Overregulation, and higher tax rates, drugs being ALLOWED TO GO RAMPENT, by that criminal. When will the DOJ arrest Obama and Hillary and the head of FBI, this country has NEVER SEEN SUCH A CORRUPT GOVERNMENT UNDER OBAMA. DRAIN THE SWAMP TODAY, THROW OUT THE LYING DEMOCRATS.

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