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Economics/News/Politics

The Trump Rally: Stocks Fly High As Confidence Surges

The election of President-elect Donald Trump last month has awakened, what some people are calling, the “animal spirits” of capitalism. Anyone with a 401k or money in the stock market could tell you that things are going very well at the moment. The election of President-elect Trump and conservative, pro-market Republican majorities in the House and Senate represents a turning of the page from eight years of growing tax burden, government spending, and red tape. The Trump Rally, as some pundits are calling it, has resulted in the Dow Jones Industrial Average jumping 1,600 points since 2016’s election day. Such a large jump — well up into the nineteen thousands — has many market watchers discussing the prospect of the Dow breaking 20,000 points. The result has been nearly two trillion dollars in wealth generated for the tens of millions of Americans with money in the stock market. Keep Reading

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