There’s been lots of talk about Trump’s address to Congress last night. It triggered responses across the board, but the best one yet? It caused the Dow to topple over its latest record, hitting 21,000 for the first time ever. The financial markets seem to like Trump…
U.S. equities traded sharply higher on Wednesday, with the Dow Jones industrial average climbing above 21,000 for the first time, on the back of President Donald Trump’s speech to Congress.
“The major positive from this speech is he delivered on his ‘America first’ message, but he did so in a positive and uniting way,” said Zhiwei Ren, portfolio manager with Penn Mutual Asset Management. “If his message of ‘America first’ can succeed, this could be a positive for the economy” in the near term.
Dow futures soared more than 150 points ahead of the open, while S&P and Nasdaq futures advanced 18 and 34 points, respectively.
This isn’t the first time the Dow Jones has responded positively to Trump. In case you aren’t big on financial nerdiness, we’ll bring you up to speed. Following the election in November, leftists wasted no time before crying about how Trump would surely destroy our economy. Then the Dow immediately skyrocketed (see Economist Says ‘Market Will Never Recover Under Trump. Dow Hits All Time High SAME DAY!). After that, bitter leftists continued to wallow and claimed that the market would crash soon after. Didn’t happen (see What Collapse? Dow Over 20,000 for First Time EVER. Days After Trump Inauguration…). Here we are months later and the numbers have jumped again.
Yet many on the left are still writing this off as a knee jerk reaction. And yes, they have a point. Consider it an early Christmas miracle.
This is only the second month of Trump’s presidency, and only time will tell if he follows through on promises via policy. But these Dow Jones records are still worth noting. No, Trump isn’t directly responsible for anything here. Let’s be careful when we assign credit and blame to a president when it comes to markets. But it seems the markets aren’t terrified of Trump or his proposed plans. Fair?
The truth is, Trump’s first few months have been productive as he follows through with promises…
- WIN! Trump Cuts Regulations MAJORLY With Latest Executive Order
- Trump Signs Executive Order on Border Wall. Liberals, Mexico Freak!
- Trump REVERSES Obama’s Federal Transgender Bathroom Mandate
- FINALLY: Trump Admin Pushes Bill to Cut ALL Funds to Palestine
- Pro-Life Victory! Trump Reverses Obama’s Abortion Funding Overseas…
Avert thine eyes, leftists! This productivity may be a good sign to normal human beings, but liberals tend to not identify with normal humans so much as flailing goat demons. Alas, all this productivity and positivity is melting them into a pile of trifling wrongness. In other words? Liberals are still complaining while things are actually being accomplished by non-leftists. Nothing new on that front.
Ah, so much winning. Speaking of which…