U.S. economy advancing rapidly since Trump got elected

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Ever since he got Donald Trump got elected, our economy has been doing nothing but improving. Wall Street has easily disregarded any crap the mainstream media has been trying to sell, such as “Russian interference” or “a failed government.”

Just last Friday, the Dow Jones Industrial Average made its 25th record high closing of the year, most of which have been accomplished since President Trump’s inauguration. Ever since he won the elections last year, the Dow has closed at a record high astonishing 42 times.

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In general, the Dow has risen 3,300 points since Donald Trump stepped into the Oval Office. This Friday it closed at remarkable 21,637.74, pulling off a gain of almost 85 points the same day.


President Trump pointed out on Saturday the discrepancy of a rapidly rising economy and the media’s narrative of his administration.


This isn’t the only example of the accomplishments so far in the field of the economy.
The S&P 500 closed at a record high Friday. It set records 25 times in 2017 and 33 times since Donald Trump’s election.

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Despite its shaky past month, the Nasdaq had climbed 17 percent overall this year.
“The D.C. drama is definitely stealing the headlines, but the reality is inflation is low, earnings around the globe are improving, and the Fed is still very accommodative,” said Ryan Detrick, senior market strategist at LPL Financial.

So far, corporate profits continue to drive the market, and I bet they will keep on doing so; S&P 500 earnings evolved the first quarter of this year at the fastest pace in six years.
Last week, JPMorgan Chase, Wells Fargo and Citigroup all presented way better results that they expected.

“They all beat on the bottom line. Overall it’s been a good start to the earnings season,” said Nick Raich, CEO of The Earnings Scout. Raich said of the 30 S&P 500 companies that have reported, 80 percent have surpassed expectations.

 

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