The Stock Market and Donald Trump: “The Trump Rally”
The Stock Market and Donald Trump: “The Trump Rally” The US stock market has been performing exceptionally well since President Donald Trump was elected. The S&P 500 has added 2.04 trillion in market value since Trump's election last November. The US has one of the highest corporate tax rates in the world and a reduction of that would bulk up companies' bottom lines, which is the net income. Researchers at capital companies agree that the performance has been mainly due to earnings . Lower corporate tax rates have been increasing companies’ earnings. Donald's Tweet boasts "Highest Stock Market EVER." Some doubt whether this is true, but it is true that since Trump's election, the stock market has hit several historical highs. In February 2017, the Dow Jones closed at a record high 10 days in a row, and broke the 21k mark in early March. Again, in August, the Dow Jones rose to a record breaking high. And the President is not qu