U.S. economy flourishes since President Trump took office – don’t expect the media to report this

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Seems like Wall Street is not buying those “government dysfunction” and “Russian collusion” bullshit the mainstream media is trying to sell ever since Donald Trump stepped in office.

Last Friday the Dow Jones Industrial Average reached its 25th record high closing of the year, the majority of them taking place since President Trump’s inauguration in January. Ever since his victory at the presidential election last year, the Dow has closed at a record high 42 times.

Generally, the Dow has increased 3,300 points since Donald Trump became president. This Friday, the Dow closed at 21,637.74, with a gain of almost 85 points the same day.


President Trump pointed out the disagreement between the boosted economy and the media accounts of his administration.


The Dow appears to be one of the many measures of the rising economy since Donald Trump took office.

The S&P 500 closed at a record high Friday. The S&P set records 25 times in 2017 and 33 times since Trump’s election.

Despite having a shaky June, the Nasdaq climbed 17 percent overall this year.

“The D.C. drama is definitely stealing the headlines, but the reality is inflation is low, earnings around the globe are improving, and the Fed is still very accommodative,” said Ryan Detrick, senior market strategist at LPL Financial.

Corporate profits keep on driving the market; S&P 500 earnings increased during the first quarter of 2017 at the fastest pace in six years.

This past week, JPMorgan Chase, Wells Fargo and Citigroup all announced way better profits than they expected.

“They all beat on the bottom line. Overall it’s been a good start to the earnings season,” said Nick Raich, CEO of The Earnings Scout. Raich said of the 30 S&P 500 companies that have reported, 80 percent have surpassed expectations.

 

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