Note to President Trump: The stock market has hit an all-time high in 30 of the last 54 months

Washington (CNN)President Donald Trump hasn’t thought twice to promote the stock exchange’s brand-new all-time highs in current days– however the marketplace’s climb over the last years implies record-breaking numbers aren’t rather as unusual as they may appear.

The Dow Jones Industrial Average made headings on Wednesday after topping 22,000 points for the very first time . And while it’s definitely been a strong month for the stock exchange, it’s not unmatched over the last couple of years.
In reality, the Dow has actually reached a brand-new high, usually, when every 7 days given that totally recuperating from the Great Recession in March 2013.
      And it’s taken place under both Trump and previous President Barack Obama: The Dow has actually struck an all-time high in 30 of the last 54 months because totally returning from the marketplace collapse of 2007-08. And it occurred more than 100 times under Obama given that 2013.

      But Trump required to extoling the stock exchange’s brand-new high up on Wednesday– the 154th time the Dow attained a brand-new record considering that it recuperated from the Great Recession and the 32nd time throughout his young presidency.

      “I simply wish to state that, as you most likely have actually seen, the stock exchange struck an all-time record high today. Over 22,000,” Trump stated while revealing a migration strategy at the White House. “Again, today, the stock exchange struck the greatest level that it has actually ever been.”
      In reality, he invested the majority of July promoting the marketplace’s brand-new heights– though it’s worth keeping in mind March 2013, May 2013, November 2013, November 2014 and December 2016 each had more record-breaking days than took place over the last month.
      He applauded the perpetuity high up on Twitter on July 2 …

      … including it “simply strike an all-time high” in a speech in Poland on July 6, and after that tweeting it “strikes another high” on July 12 …
      … and a “brand-new all-time high” on July 15 …
      … and the “Highest Stock Market EVER” on July 31 …
      “If you take a look at stock exchange– the greatest it’s ever been,” he stated on July 31 after swearing in John Kelly as his brand-new chief of personnel. “We have the greatest stock exchange in history,” he stated later on that day in a Cabinet conference. And Trump additionaled Twitter on Tuesday it “might strike all-time high (once again).”
      Indeed, in the 8 partial or complete months throughout which Trump has actually been president, the stock exchange has actually skyrocketed to brand-new heights in 6 of them.

      But it’s occurred prior to in the last couple of years, consisting of brand-new highs a minimum of when in 11 of the 14 months covering April 2014 to May 2015 under Obama. When in 9 of the 10 months from March 2013 to December 2013, and it reached record-breaking heights at least.
      Under Trump, the marketplace has actually closed at an all-time high up on 8 days in July and 7 days in June after cannot set records in April and May. The Dow closed at record-setting levels about one in 4 days given that Trump took workplace vs. one in 8 days given that March 2013 under Obama. (The Dow suffered 2 substantial dips throughout late 2015 and early 2016.)
      Trump likewise promoted more record-breaking numbers in February. “The phony news media does not like speaking about the economy,” Trump stated on February 16, throughout a month that saw 12 record-setting days. “I never ever see anything about the stock exchange sets brand-new records every day. I never ever see it.”

      Read more: http://www.cnn.com/2017/08/02/politics/stock-market-highs-months/index.html

    About The Author