Donald Trump's Effect On The Stock Market

With a Republican set to take office for the first time in 16 years many were eager to see what effect the once "Joke" candidate Donald Trump would have on the United States, particularly in the area of business, investment and finance.

Many events happened this year, many with different outcomes. However one remains certain, the stock market has continued to rise. With all of the crazy events which took place in 2017 none had that much of an effect on the Markets. Well, Except one.

Unarguably Donald Trump's presidency had the biggest affect on the stock market for the year. He thinks so too, With the Dow breaking 25,000 for the first time, President Trump has went to twitter to state he is the reason that these record highs are being achieved with him further stating that the new number is 30,000.

Since Trumps election the Dow has shot up 36 percent, while the S&P 500 is up 27 percent. This means more jobs, more money for the economy and more success. Trump's effect has been huge as since he took over as president In November the Stock market has reached record highs over 84 times throughout the year.

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The tax bill also led to the Markets growth as during the time of it's passing the market went up 20 percent, however now we have to wait and see weather the market will stabilise or continue to grow as the President is predicting.
Trump's is completely sure that he is the main reason that these highs have been achieved, with him also taking jabs at the democracts during his twitter rant. As the tweet below shows he took shots at his presidential rival Hilary Clinton.

However although Trump's results with the market are impressive, many experts believe the Presidents should take his focus away from the market and focus more on the broader economic process that is happening in the UK. Most feel that Trump basing his economic success of off the Market is wrong with many feeling that he should be providing statistics and proof in other areas before marking these mega claims about the US economy.

Michael Yoshikami, founder and CEO of Destination Wealth Management believes that the market is a very bad way to judge the economic standards in the US and that it may just be on a ride, he said "you can wake up tomorrow and a 15 percent correction wouldn't be shocking at all".

Although Trump was never personally a fan of the market, as he made his fortune in real estate. His presidency has had a damming and positive effect on it. Now we wait to see if the market will continue to rise or if it will fall, and what will be Trumps strategy to deal with it.