The Economy

The US stock market is a barometer of economic activity and since President Trump was elected President it has skyrocketed.

The stock market on Wednesday, January 17th, 2018, this past week, says it all. On that day the Dow broke 26,000 points for the first time in its history. As a result the Dow broke the record for the fastest 500, 1,000, 2,000, 3,000, 4,000, 5,000, 6,000 and 7,000 point increases between major milestones in the history of the Dow. All of these increases occurred since Donald Trump was elected President.

The Dow today stands at 26,071.7. It is up 42% since the 2016 election and 31% since last year’s inauguration. The Dow had more all-time closing highs in 2017 than any year in history. President Trump enjoys 95 all-time highs since his election and 78 since his inauguration. The Dow is up an amazing 7,739 points since the election.

Americans of all walks of life are seeing their 401k’s explode because of President Trump.

Today there are more people working than at any time in US history. More than 2 million new jobs were created in 2017 under President Trump and as a result more than 160 million people are working in the US today.

President Trump increased the GDP growth rate to above 3% in the 2nd and 3rd Quarters and the 4th Quarter was sizzling. President Trump could reach a 3% GDP growth rate his first year in office, an annual GDP that the US hasn’t seen in a decade. At the end of the 3rd Quarter the national GDP reached $19.5 trillion for the highest recorded GDP in US history.

The President’s tax plan passed in late December and is already benefiting Americans and American companies. Employees will see increases in their pay next month due to the lower Federal taxes. Millions of Americans have received bonuses due to the tax cuts and major companies have announced plans to move capital and operations to the US due to these cuts. The benefits of these cuts haven’t even transpired yet but the excitement amongst workers and companies is electric. 2018 is poised to have one of the greatest economies in US history!