The stock market has never been higher than it has been under President Trump.
Stocks reached a record high on Monday as the Dow Jones Industrial Average rose above 28,322 to begin the week, marking a 10,000-point gain since Election Day in 2016.
In 2019, markets looked shaky at the end of quarter two before rebounding more than 11% from August lows. Gains have been sustained by the passage of the United States-Mexico-Canada trade deal and positive trade talks with China.
Trump celebrated the record by tweeting, “New Stock Market high! I will never get bored of telling you that — and we will never get tired of winning!”
New Stock Market high! I will never get bored of telling you that – and we will never get tired of winning!
— Donald J. Trump (@realDonaldTrump) December 16, 2019
It’s not only American markets that are surging, however. Japan’s Nikkei has spiked 44%, Britain’s FTSE gained 6%, and Hong Kong’s Hang Seng recorded 20% gains in the same time frame. The success of American markets is tied to historically low unemployment, lower tax rates for individuals, and a wave of deregulation that has been spearheaded by the Trump administration.
