Stock Market Reaches 50th High Under Trump Presidency

Oct 19, 2017

When Donald Trump unexpectedly defeated Hillary Clinton for the presidency last November, left leaning economists started making dire predictions about the result leading to stock market collapsed of epic proportions. Obviously, the opposite has occurred since the stock market started a remarkable run within days of Trump’s election.

In just ten months there have been fifty historic highs in the market with latest being yesterday when the market surged above 23,000 and stayed there. It is expected that the market will continue to stay on this course for the foreseeable future. The only thing that could reverse the trend would be the Republican Congress failing to pass a tax reduction plan.