Since President Trump won the election back in November, the economic outlook in the United States has skyrocketed.
We have seen large corporations either moving or expanding their job sites all across America and creating opportunities for Americans. We have seen small businesses share their high confidence in the economy. We have seen consumer confidence increase that we haven’t seen in years.
Now, the stock market has added one more “Trump Effect” piece to America’s economic puzzle, and things are looking fantastic.
From Market Watch:
U.S. equities—heck, the global stock market—have resumed an elevator ride to new heights, after mostly stalling out once the elation sparked by President Donald Trump’s election victory in November abated somewhat.
Now, the Dow Jones Industrial Average DJIA, +0.53% is flirting with 21,000 like a lonely bar patron during last-call for drinks. This after surpassing the psychological milestone of 20,000 20 trading days ago and ringing up a steady string of closing highs on Tuesday, along with the S&P 500 index SPX, +0.51% and the Nasdaq Composite Index COMP, +0.63% It’s worth mentioning that the Nasdaq on Wednesday was aiming to match its longest string of gains (7 days) since 1999 and the three major benchmarks were on pace to mark their longest streak of finishing at all-time highs on the same in about 25 years.
The most recent run-up is pegged to a revived promise by Trump to cut individual and corporate taxes, with the president on Thursday hinting at a tax-policy reveal (in the coming weeks) that he described as “phenomenal.”
As of Tuesday’s close of trading, global stocks have added $3.36 trillion in market capitalization, and about $2.2 trillion of that gain is from U.S. stocks since the Nov. 8 election, according to data compiled by Howard Silverblatt, senior index analyst at S&P Dow Jones Indices (emphasis added).
With a business friendly president like Donald Trump, we know that this is only the beginning of how America will be great again!
Source: Market Watch