Trump SMASHES Reagan’s 1987 Record of All-Time Highs
Happy days are here again. President Trump’s economic policies are spurring economic growth at an unprecedented rate.
As of Friday, the DOW is up 11.44 Points. This milestone marked the DOW’s 11th straight closing at an all-time high. President Trump’s economic policies have broken stock market records left and right. The economy hasn’t been this enthusiastic since 1987.
President Trump Smashes Reagan
Prior to Donald Trump’s election to the White House, the DOW’s record for most continuous closing high trading days was set in January of 1987 under President Ronald Reagan. That month, the DOW posted closing highs 12 times in a row. This record was broken on Friday.
For 16 consecutive days, beginning on February 9th, the DOW Jones Average has reached an all-time high. Yet, this is not the only record that President Trump has set.
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Here are a few more stock market highlights since his election on November 8:
- The average DOW daily closing has increased more than 13% since the election.
- More than 40% of the trading days since November 9, the DOW recorded all-time highs (30 times).
- Over two thirds (50) of the 72 trading days for the DOW since the election had a closing mark that was at least the highest, 2nd highest or 3rd highest closing day in history.
- This is only the 2nd time since 1937 that the stock market hit two new closing highs in the four trading days after the Presidential inauguration. The first was in January of 1965, when Lyndon Johnson was sworn in. And the second was right after the Trump Inauguration.
- Since Trump’s inauguration, the DOW has risen 5%. Trump’s first month in office is the DOW’s biggest gain for any president in his first 30 Days since 1909.
And who can forget the number of straight day in a row President Trump has given America crying Leftists? 111 days and counting!
How Trump Got Us Here
As a real-estate mogul in New York while Ronald Reagan occupied the White House, Donald Trump experienced the benefits of the 40th president’s massive business deregulation. Reagan’s pro-business policies caused unprecedented economic growth.
Mogul Trump obviously took note.
Following in the footsteps of Reagan, President Trump embarked on the most aggressive campaign against government regulation in a generation.
In a fiscally brilliant move, President Trump, on January 30, implemented an order requiring agencies to offset the cost of every significant new regulation. Thus, in order to impose new business regulations, regulatory agencies must first eliminate existing regulations or make them much less burdensome.
The order declares that “the total incremental cost of all new regulations” issued this year “shall be no more than zero.” That should get the message across.
Within a week of Trump’s inauguration, the new administration canceled 24 significant Obama-era rules that were about to be published. Then, Trump delayed the origination of 250 others.
The business community is overwhelmed with glee. President Trump has responded to long-standing grievances. He and the business community understand that over-regulation increases costs and stymies business owners’ ability to create jobs.
America has already benefited greatly from President Trump’s job creation strategies. Recall that Obama called what Trump does routinely as “magic.” It’s not magic to those who know what they are doing.
They are calling what happened to the Dow, the “Trump-Rally.” A great name for it.