Maybe he's just rooting for a good future... for at least four more good years? Maybe he's rooting to better political policies? Maybe he's just giddy about our political future? And yes, this Dow bump is good for all Americans... but it's just the tip of the proverbial iceberg.
Here's the thing... the stock market will be better off with Trumps coming economic policies than it was with Biden/Harris policies.
From 1926 to 2023, we have had a Republican president for 47 years, and a Democratic president for 51 years. The difference in returns between the parties is pretty stark. The average annual return for the S&P 500 index when we had a Republican President was 9.32%. When we had a Democratic President, the S&P 500 average 14.78% per year. That’s a premium of 5.5% per year on average. To put it mildly, this is a really big difference. Just facts. Look it up.
Deregulation, mergers/acquisitions, less competition, higher prices, greater profits.. Good for haves in the market, great for more in market Bad for everyone else
The fact is the stock market made a significant jump today. I have a feeling investors like the choice for President.
They like the profits that will get wrung out of the consumer or added to the national debt, or some of each
Well in my investing lifetime Reagan had Black Friday. W had the Great Recession. Trump had Covid. I cant help but think Trump will bring about another calamity. Hell his stated policies (mass deportations and tariffs) would pretty much do that on their own if implemented. Admittedly that’s a pretty big if, as I assume even his lackeys would try to limit tariffs to minimize market damage. The bigger concern is how Trump would behave in a true crisis. I think COVID pretty well previewed that (crazy dystopian lies to make himself look good, and eff everyone else including the adoring fans).
Yep, good day in the market. Will be interesting to see if it is sustained. Happy to see my financial stocks soar, took some profits. Wall street no doubt like the promised less regulation, lower taxes line for certain industries, tho not all. They also are happy with the margin of victory indicating an end to election controversies and coup attempts.
Betting it may run for a few days, then cool off. Real data still coming in and a possible Fed rate cut on the table too.
Hopefully some smarter people than Trump talk him out of the dumbest shit he said he'd do ... defaulting on the debt and putting a 100% tax on imported goods would be the opposite of good for the economy.
