Trump rally: Stocks put 2017 in the record books

Some political pundits warned of market turmoil if Donald Trump made it to the White House. But Wall Street has enjoyed a year for the record books in 2017.

The Dow Jones Industrial Average has set 71 new records at the closing bell, the best one-year performance for the blue-chip index. In another first, the Dow has gained more than 5,000 points since the start of 2017. The broader S&P 500 and the tech-heavy Nasdaq Composite have also mounted record runs.

Stocks have been on a tear going back to Election Day, reflecting investors’ optimism over the U.S. economy, tax cuts and the broader Trump agenda. The Dow had its strongest first year post-Election Day since 1945, soaring 28.5%. Based on the Wilshire 5000, U.S. stocks have gained approximately $6.6 trillion in value since Trump’s victory.

http://www.foxbusiness.com/markets/2017/12/29/trump-rally-stocks-put-2017-in-record-books.html

This should be good news for everyone, regardless of political affiliation I hope the momentum continues into 2018. A rising tide lifts all boats! We should never underestimate the power of optimism, whether investor or consumer....

 

Thanks Obama. Next year is on Trump. Can't wait to see my taxes go down bigly.

 

LOL, stocks rallied from like 6,000 to 19.000 under Obama yet you didn't say a word. Figures.

 

I joined the forum this year (2017), so you're not going to find any posts of mine back when Obama was President. I was too busy trying to keep my business from going out of business. When your business is based on a luxury item, the lack of optimism we saw under Obama hits home "bigly".

 

I guess you missed this part: "Stocks have been on a tear going back to Election Day, reflecting investors’ optimism over the U.S. economy, tax cuts and the broader Trump agenda."

 

Trump is the greatest president of the last 100 years. He is a change agent and a true nationalist.

 

Thanks Obama!

 

Shuffling paper and debt is not an economy.

 

That's what happens when you give the big banks $1.3t of free money every year for four years and give them access to nearly zero percent interest for 8 years running allowing massive stock buy backs with debt.
Too bad your life hasn't gotten better and are still crying about americans needing access to more free **** and rich people needing to pay more. Too bad 50% don't have $500 in savings and are maxed out on debt. Not the signs of a good economy by the way

 

Do you give Obama credit for the stock market going from 6,000 to 19,000? Also do you understand that the gains in the stock market mostly help the top 1% and barely impact middle class Americans?

 

Good, you are starting to understand that Obama was nothing but a wall street banking whore dressed up like a superhero of the lower and middle classes

 

This will never be forgotten, it is truth period.

 

Blah Blah blah blah it's on the path set by Obama. Thanks Obama.

 

At least you’re out of the closet with your worshipping of the golden god Obama. I’ll give you that, I’m sure the DNC is happy to have your blind support 24/7.

 

They won't have me on account of my views on the death penalty.
I just call em as they are.

 

Then why are you guys still crying about more free **** and taxing the rich?
Obama dud such great things for the economy, you should all be standing on your own two feet, not looking for handouts

 

Gotta pay for all them wars at some point.

 

Actually he was a sack-the-rich socialist who raised taxes on the rich and increased regulations on Wall Street.

 

1.3 t every year? Doesn't sound factual to me.

 

Thanks for that frightening glimpse into the alt-left mindset of Obama idolization. Hey, if we are going to completely disregard "stocks have been on a tear going back to Election Day, reflecting investors’ optimism over the U.S. economy, tax cuts and the broader Trump agenda" and just make things up, what the heck, we might as well credit the economy to.... Bush? Reagan? Garth Brooks going back on tour? The new Star Wars movie?

Also folks, please quit acting like it is only 1%ers who have stocks or who are impacted by the stock market. Sure, the welfare class aren't likely stockholders, but don't assume no one but the 1%ers is either.

And don't forget the trickle-down. (Gasp, did I say trickle down?) I'm middle-class, but my business depends on a luxury item which is primarily purchased by the upper-middle-class and 10%ers. When they have no confidence and they are not optimistic about the economy, they're not likely to go spend large chunks of money on luxury items, and guess what? My business hurts then too. I nearly threw in the towel after Obama's re-election, but things have been looking up bigly since the election of Trump

Will this Trump trend continue? Who knows... But I had a good year in 2017 and I'm going to remain optimistic. I've never been a die-hard Trump supporter, but I'm certainly currently pleased.

 

So you're volunteering to pay the highest rate you would have others pay?

 

$80b per month under QE.
We're you not paying attention?
Did you not know what it meant?

 

You can tell by the wild gains in the financial sector which is now the largest component of the economy, pushing debt paper around. Fabulous, the poor and middle class have done so well

 

I would expect things to cool in 2018 - the market has already factored in the tax breaks.

 

Sure If I get to bring home their net.