Stock Market Performance In Trump’s First Two Years A Big Win

U.S. President Donald Trump has taken credit for the stock market’s gains during his nearly two years in the White House, and those claims are reasonable given the impact of tax cuts and pro-business policies on investor sentiment.

The S&P 500 has risen 28 percent since Trump’s election in November 2016 to the eve of congressional midterm elections on Tuesday. This surpasses the market’s performance over the same time frame under any other president in the past 64 years. Under President Dwight Eisenhower, the S&P 500 rose 29 percent from his election in November 1952 through November 1954.

Sweeping corporate tax cuts, an initiative driven by Trump, supercharged U.S. companies’ earnings and helped lift the cash-rich technology sector. The Republican party last year passed the biggest overhaul of the U.S. tax code in over 30 years, boosting U.S. corporate earnings….

>>> continue reading: Stock Market Performance In Trump’s First Two Years A Big Win

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One Response to Stock Market Performance In Trump’s First Two Years A Big Win

  1. peddiebill says:

    To my simple mind Mr Trump is probably right in that the big tax cuts for his rich supporters released more money to chase the share driving the share prices up….. er ….BUT …. doesn’t tax cuts drive up the debt – which it undoubtedly did (despite Mr Trumps assurances that the debt would go down and it is now up). Those taxes paid for essential services which are now struggling ….which is presumably why health care has now jumped. What happens when the debt cant be covered any more by printing more money – which it has now achieved. So the POTUS says he will freeze Federal salaries…. this could now get interesting.

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