[ April 23, 2024 ]
Greatest President ever. AND if that weren’t enough, U.S. gross domestic product advanced at a 3.2% pace in the first quarter, a surprisingly strong number that suggests solid economic momentum.
The U.S. economy started 2019 with a pop, growing rapidly despite multiple headwinds, including weaker domestic demand, suggesting the current expansion has more room to run in its 10th year.
Real Time Economics: Boom Goes US GDP!
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Stock market’s value under Trump has grown by $6.9 trillion to $30.6 trillion
- The stock market has added $6.9 trillion in market cap since Donald Trump was elected president.
- That is already nearly half of what the market grew by in all eight years of the Obama administration.
- Trump’s performance, as measured by the S&P 500, is up 23 percent in the year since his inauguration, much better than the 13 percent average of first-year performances since 1928.
The U.S. stock market has added nearly $6.9 trillion in market cap since President Donald Trump was elected, already close to half of what was added in all eight years of President Barack Obama’s tenure.
The market cap, based on the Russell 3000, surpassed $30 trillion for the first time last week and was at $30.6 trillion Thursday, according to Bespoke.
“I think the performance in the first year has exceeded almost everybody’s expectations,” said Paul Hickey, co-founder of Bespoke. Hickey uses the Russell 3000 to measure overall market cap, since it represents about 98 percent of all U.S. stocks.
When Trump was elected, stocks rose out of the gate after an initial late-night collapse in futures prices. After that, the market rewarded stocks and sectors that would benefit from the “Trump trade” and Trump’s pro-growth policies.
The Trump trade occasionally stalled out when it looked as though tax reform was unlikely, but since the legislation began seriously moving forward and finally became law at the end of last year, the market has been on a tear. The S&P 500 has added 4.6 percent just since the start of this year, after last year’s near 20 percent move.
The market’s value may have reached peak levels since Trump’s election, but in percentage gains since inauguration, Obama was ahead in the first year. From his first inauguration until one year later, the S&P gained 41 percent under Obama. Hickey said the first-year average gain for first-term presidents since 1928 has been 13 percent.
Trump’s track record is still strong, he said. “As far as performance is concerned, it was a very good first year, seeing a gain of 23 percent in the S&P 500 in Trump’s first year in office,” said Hickey. “There were bigger gains under FDR and Obama, but they had the benefit of coming in at a low level, at the late stages of a bear market.”
Trump has not been shy about taking credit for a strong stock market, which some see as a risky prospect because stocks don’t always go up, as George W. Bush saw during his administration. The market lost $3.3 trillion in value in the Bush years, as measured by the Russell 3000, while it gained $12.3 trillion during the Obama administration.
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25 Comments
4 years ago
WOW!
He’s trying to live up to his promises.
4 years ago
Reply to
felix1999
Hi, felix1999. For the most part, I’m an issue voter. In the last presidential election I voted, based upon three issues. Illegal Immigration. Illegal Immigration. And, Illegal Immigration.
Unfortunately, my issues have not been addressed. Over seven thousand illegal aliens were released, into the U.S. mainland … just yesterday.
If this administration has to release them, why not into Los Angeles, San Francisco, New York City, or Chicago … the cities that want them and consider them a blessing? Why continue to move them where they are not wanted and forced upon the residents? President Trump suggested that idea … But, NO follow-through.
4 years ago
Reply to
Achmed Mohandjob
It would have helped if in his first year Paul Ryan wasn’t the speaker of the house, he actively worked against Trump’s agenda.
If not for Paul Ryan, Democrats may have kept both houses.
4 years ago
Reply to
Nefarious420
When the president signed ALL of the continuing resolutions .. No one held a gun to his head. And, when HIS agencies are releasing the illegal aliens, into the interior, HIS agencies are the ones that determine where they are released. Within the entire codified immigration statutes, nothing stops HIS agencies from releasing them into L.A., S.F., NYNY, etc. The blame game only goes so far. I did not work (albeit limited) on his campaign, donate money (modest sums) and vote for this president … to have the blame game played. A great many things he could have, and still could, do.
4 years ago
Reply to
Achmed Mohandjob
I held my nose when I voted for Trump and threw up a little in my throat as I dropped the ballot in the box. He has done far better than I expected and I support him 100%. I do believe all the illegals should ideally be deported out of the country, or placed in a sanctuary city. He was still the best option we had and is accomplishing much more than anyone thought he could or would.
4 years ago
Reply to
Nefarious420
I did not hold my nose when I cast my ballot for President Trump. I actually believed him. Another one bites the dust.
4 years ago
Reply to
Achmed Mohandjob
I interviewed Trump in 2006, my expectations were very low, I just feared Hillary as President.
4 years ago
Reply to
Nefarious420
I have several letters from, then candidate, Trump (undoubtedly all canned with electronic pen signature). But, never met him, much less interviewed him. When I cast my vote, as earlier stated, I actually believed him. Not the first time that I have been led astray.
4 years ago
Reply to
Achmed Mohandjob
My meeting was at a real estate convention he was pitching Trump U at, and the only answer I could get out of him was “If you purchase Trump U” or “You will Learn if you sign up for Trump U”. Tony Robbins was an awesome interview, Marshall Sylver was amazing, Robert Kiyosaki was meh he deferred everything to his ghost writer Diane Kennedy, Rudy Giuliani was ok enough, though a germaphobe. So my expectations were pretty rock bottom and he has surpassed them, I still think he can and should do better.
4 years ago
Reply to
Achmed Mohandjob
I agree, but what is the alternative? The Commiecrats and the Republirats have worked to undermine Trump as well as the courts. Yes, send them all the illegals to Frisco where they can really enjoy their new s**thole.
4 years ago
Reply to
John Acord
Exactly the swamp holds the line on protecting illegal immigration and wants nothing done to stop it. I really don’t understand the incentive long term for a Republican to want this. Illegals if ever legalized will vote DEM. GOP career politicians are committing political suicide.
4 years ago
Reply to
felix1999
Yes,suicide for their party.They,the traitors ae being well compensated for their votes with contributions and lucrative deals after they leave office. Its the District of Corruption at work.
4 years ago
Reply to
John Acord
It is well within the president’s purview to release those, which must be released by law, into anywhere in the country that he desires. Instead of following through on his promise … he continues to send them to locales that DO NOT WANT them. Major question is,, why does he do so?
4 years ago
Reply to
Achmed Mohandjob
What hasn’t Trump done to stop that?
He doesn’t have the support of the GOP
We only have 16 votes in the Senate that we can count on. The impeachment vote is there.
Impeachment doesn’t have to prove wrong doing. It’s also political.
Name something that wasn’t tried that wasn’t stalled by a judge.
Immigration was number one on my list. Believe me, I am just as frustrated it not more so about illegal immigration as you are. It’s positively galling to have illegals get tax payers dollars for scholarships to attend college/universities. In AZ a GOP Senator wants illegals to pay LESS than LEGAL out of state residents. Again she is a REPUBLICAN. I don’t understand this.
Tuition bill to benefit Arizona grads, including undocumented students, revived
By Maria Polletta, Arizona Republic Published 5:00 a.m. MT March 29, 2019
A Republican state senator has revived a controversial bill that would allow graduates of Arizona high schools to pay a lower college-tuition rate than out-of-state students, regardless of immigration or residency status.
If signed into law, the proposal from Sen. Heather Carter of Cave Creek would direct the Arizona Board of Regents, which oversees the state’s public universities and community colleges, to determine that rate.
…
https://www.azcentral.com/story/news/politics/legislature/2019/03/29/tuition-bill-would-help-arizona-grads-including-undocumented-students/3294058002/
Here’s the REPUBLICAN – State Sen. Heather Carter, R-Cave Creek
?width=180&height=240&fit=bounds&auto=webp
4 years ago
Reply to
felix1999
Hi, felix1999. There are many things that the president can do. His promise to release those awaiting “refugee status” hearings into “sanctuary” cities and states, is well within his purview. He ain’t done so yet. He could have started this two years ago. Instead, the Trump Administration continues to send them … where those spics are NOT WANTED. Ask yourself ….. Why?
4 years ago
Reply to
felix1999
Agreed. I am fond of saying that Trump’s dad must have had the same talk with him that mine did with me, “Don’t go around saying sh*t you don’t mean.”
4 years ago
4 years ago
And the moronic communist democrats want to impeach our president???
4 years ago
Reply to
Raty Corrigan
Agreed. Have you noticed how the commiecrats tout the so-called “diversity” of their field of presidential hopefuls, but the ones who poll the highest are two old white guys?
4 years ago
GBT!
4 years ago
What can even one of the commiecrat 2020 candidates offer that will top Trump’s performance? Answer: Nada, as in nada a f*cking thing!
Remeber, actions speak louder than words.
4 years ago
I’m not surprised at all! Demoncraps really do keep you chained. Unchain US from their high taxes, bureaucracy and restrictions and we’ll grow like crazy.
4 years ago
If only the Social Security Trust Fund were invested in this market the SS crisis would be solved and benefits increased.
4 years ago
Reply to
John Acord
It’s been proven many times any one could do better investing their money on their own rather than being forced to contribute to social security.
4 years ago
Reply to
John Acord
Think about it. Ever since Ronnie “The Commie” Reagan, we’ve been paying a 15.3% SS and Medicare burden, from dollar one … If you look towards what most “boomers” have contributed … the prevailing rates of interest were in excess of 20% on 91 day treasuries and the Long Bond (30 yr. Treasuries) were yielding at, or about,, 15%. Most boomers, over 65, if they simply had that 15.3% at prevailing federal rates (law demands excess funds go into U.S. treasuries) would be multi-millionaires. However, that money went to the “greatest generation” where, averaged over their lifetime, they had paid in around 5% or less. SS is simply a Ponzi scheme, where they stole from the “boomers” and redistributed it to “the greatest generation”.
