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the media is attributing stock market climb to trump [View all]
when the republicans last left the white house the dow was at 6,000.
the market has been on the upswing for EIGHT years.
this has shit to do with trump.
EDITED TO ADD:
Stop calling stock-market rise a ‘Trump rally’
Published: Nov 18, 2016 3:23 a.m. ET
The rise in stocks since the presidential election on Nov. 8 has been dubbed the “Trump rally” by traders, pundits and financial media—including MarketWatch. That’s nonsense, says one analyst.
While the Dow Jones Industrial Average DJIA, +0.31% powered to a string of all-time highs in the wake of the election, the benchmark S&P 500 index SPX, +0.08% was up 1.7% through Wednesday from the close seen on Election Day. The index added to gains Thursday, up 0.4%.
While that leaves the index not far off its all-time high set in August, it also means the most widely followed measure of the U.S. equity market “is now basically at the level where it spent most of the time from mid-July through early October. In other words, net-net, there really isn’t much to get excited about,” wrote Scott Wren, senior global equity strategist at Wells Fargo Investment Institute.
Stock-index futures tanked on election night as prospects for a Trump victory became clear. Losses were trimmed in the early hours on Wednesday after Trump delivered what was viewed as a conciliatory acceptance speech, with stocks soon pushing into positive territory after the opening bell.
While the Dow Jones Industrial Average DJIA, +0.31% powered to a string of all-time highs in the wake of the election, the benchmark S&P 500 index SPX, +0.08% was up 1.7% through Wednesday from the close seen on Election Day. The index added to gains Thursday, up 0.4%.
While that leaves the index not far off its all-time high set in August, it also means the most widely followed measure of the U.S. equity market “is now basically at the level where it spent most of the time from mid-July through early October. In other words, net-net, there really isn’t much to get excited about,” wrote Scott Wren, senior global equity strategist at Wells Fargo Investment Institute.
Stock-index futures tanked on election night as prospects for a Trump victory became clear. Losses were trimmed in the early hours on Wednesday after Trump delivered what was viewed as a conciliatory acceptance speech, with stocks soon pushing into positive territory after the opening bell.
http://www.marketwatch.com/story/stop-calling-stock-market-rise-a-trump-rally-2016-11-17
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