The stock market has been up 31% since Trump was elected president, better then FDR. If you recall FDR brought us into World War 2. Many believe the left leaning Roosevelt had our radar shut off in Hawaii so that the Japs were able to bomb us at Pearl Harbor which forced our hand into the war.
Many believe that Roosevelt plotted this all along; while others believed it was the New World Order who backed him heavily during his elections pressured him into going into war. This allowed CFR bankers to fund both wars and maximize profits for there ultimate motive of a one world order, controlled by a few socialist leaning to run.
FDR put forth more social agendas cradle to grave socialism, and as such he was a new world order darling. Many regard FDR as one of the worst presidents; many regard him as the best, it depends on whether you are a capitalist or a socialist.
Robert M Massimi.
- 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.
(Returns measured from the day before the inauguration.)
“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.
The president made it to the White House saying he would “put America first.” Since taking office, Trump has pushed to have companies bring back jobs to the U.S. and has said repeatedly said his policies would help to accomplish this.
These policy and rhetoric shifts have helped the so-called old guard of the stock market rally.
Shares of Boeing and Caterpillar — both founded in the early 1900s — are up 115 percent and 82 percent, respectively, since Trump entered the White House. They are also the best-performing Dow stocks since Trump took office. These companies benefit greatly from lower taxes and less regulation, and tend to rise the most when people believe the economic cycle is accelerating.
Some investors believe Trump is getting too much credit for the run-up and it’s really the strength of the global economy boosting these industrial stocks.
“There is clearly a coincidence between Trump’s election and the run-up in stock prices over the past year,” Ed Yardeni, president and chief investment strategist at Yardeni Research, said in a note earlier this week. “However, coinciding with Trump’s victory was mounting evidence of a global synchronized boom. In our opinion, the run-up in stock prices over the past year has been a continuation of the bull market within a bull market that started on February 12, 2016.”
Trump doesn’t see it that way, often patting himself on the back about the Dow’s successes during his first year in office. He’s tweeted about the index at least a dozen times in the last year. The president also mentioned the Dow repeatedly in meetings and news conferences. Most recently, Trump took credit for the index breaking above 25,000 for the first time. He also told reporters: “I guess our new number is 30,000.”
He talks less about the S&P 500, perhaps because its name recognition isn’t as strong as the Dow’s, but also because it’s gains are slightly less impressive.
The broader S&P 500 jumped 23 percent during Trump’s first year in office. But the index did better during the first year of three other presidents: Roosevelt, Barack Obama and Harry Truman.
The S&P 500 rose 96 percent in Roosevelt’s first year. It gained 33.5 percent when Truman took office and 34 percent after Obama was sworn in.
Obama took office in January 2009, less than two months before the market started to recover from the financial crisis.
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