DOW Sets Another New All Time Record High This Morning – Up Over 21% Since the November Election!
Guest post by Joe Hoft
** DOW Reaches Another All-Time High This Morning
** Market Up 21% Since Election
** 1 in 4 Days a New Record High
This morning the DOW registered another new all time high. Yesterday the DOW set another all time high at the closing bell! The two days before that the DOW reached all time highs!
The Dow Jones Industrial Average recorded its 38th all time high of 2017 yesterday closing at 22,203. There have been a total of 165 days where the markets have closed since President Trump’s inauguration on January 20th. The ‘DOW’ has closed at all time highs 38 of those days for nearly 25% or one-fourth of the days the market has been open. The market is up 12% since the inauguration.
Since the election on November 8th the DOW has closed at record highs an amazing 55 times! More than one-fourth or 26% of the 213 days the markets have closed have been record highs since the November 8th election. The market is up 21% since the election!
If the market continues as it started today, it will end in another all time closing high!
Americans are benefitting greatly in their 401k’s from the recent change in Administrations.
When compared to President Obama, the current President is smashing it.
In Obama’s entire first term, the US stock market (DOW) never reached a new closing high. In years 2009, 2010, 2011 and 2012 the DOW never reached a new high once!
It’s clear on many levels and in nearly every possible economic measurement that America prefers President Trump over the prior President Obama.