Stock indexes have been hitting record highs, thanks in part to President-elect Donald Trump’s election victory earlier this month.
According to Fox News, stocks rose after the election because people were so sure that Trump will fulfill his promise to bring business back to the United States and stimulate the economy.
Fox News anchor Dagen McDowell said that, above all else, Americans hope that Trump will reform taxes for both individuals and corporations.
“The tax cuts and the rollback in regulations, they flow right to a business’ bottom line. It’s a change in what we’ve seen over the last eight years,” she said.
Of course, this is the first time in eight years that America has seen any such promise of economic growth.
Money Morning explained the tragedy of the 2008 stock market crash, the same year that President Barack Obama took office for his first term.
The investing website noted that the stock market crash “destroyed $16.4 trillion of American households’ net worth from 2007 through 2009. It wiped out more than $2 trillion of Americans’ retirement savings.”
But eight years later, at the same time a new president is elected to office, the stocks quickly changed.
Even the liberal media has noted the change in the stock market since the 2016 election. They also agree that it is remarkable.
The Dow Jones industrial average hit a record high of just over 19,000, thanks to Trump’s pending presidency, according to CNN Money. “The S&P 500 and Nasdaq are also at record highs,” the news source explained.
Many will remember that stocks plummeted the night of the election because of the sudden uncertainty among investors who had been told for months by the liberal mainstream media that Democrat nominee Hillary Clinton was going to be the next president. So the significant record highs seen after the result of the election was announced has all happened since the market has had time to digest what the economy might look like under President Trump.
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