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Dow's 31% Gain Best since FDR

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John Beagle View Drop Down
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    Posted: Jan 19 2018 at 11:57am
The Dow's 31% gain during Trump's first year is the best since FDR
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.

"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.

Full article: https://www.cnbc.com/2018/01/18/the-dows-31-percent-gain-during-trumps-first-year-is-the-best-since-fdr.html

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MElass View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote MElass Quote  Post ReplyReply Direct Link To This Post Posted: Jan 19 2018 at 11:04pm
All quiet on the Monroe front☺...No one willing to acknowledge that a booming economy delivered by Trump Administration is bonus. I say: "GOOD
NEWS!!!
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whineisfine View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote whineisfine Quote  Post ReplyReply Direct Link To This Post Posted: Jan 19 2018 at 11:57pm
Good news, for sure. Whether it is because of the " booming economy delivered by Trump Administration", I don't know. But, my retirement account is smiling, never the less.
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