Market hits record high under Trump Administration

don’t let your yetzer hara (evil inclination) fool you & corrupt your mind into thinking that this is all because of Trump. The melech malchei Hamelochim (king of kings) HASHEM runs the entire world 24/7 including wall street & decides every step of a persons life & step of a business how it should go up or down. Hashem decides when to send you to your boss to ask for a raise & how pleasing or not to ask it. (sure we all have equal free will & it might look like the boss choose yes or no on a raise but at the end of the day we all know that it was hashem who REALLY DECIDED YES OR NO

If Hillary Clinton was the President, then one of her supporters would be pointing out the exact same thing.

My point being, it is overwhelmingly likely that the performance of the Dow Jones would not have been markedly different under a different administration. The President has far less influence on the general performance of the economy, of which the Dow is an indicator, than people like to believe. And that is true even during a recession or crisis of some sort, where the President has more room to exert their influence and has more direct responsibility. In the relatively economically stable times of the past 6 months, I feel entirely comfortable in believing that Donald Trump has little, if not nothing, to do with this.

A number of reputable economists have repeatedly said, over several decades, that all studies point to the fact that the President has a far smaller influence on the performance of the overall economy than most would believe. He’s not powerless, the President almost certainly has more influence on the economy than any other single person, especially in a time of crisis. But the contributing factors to a country’s economic status are so diverse and numerous, that attributing any success to the current President with any measure of certainty is foolhardy at best. I’d be more inclined to give credit to Obama, since he at least had a decent amount of time to exert his influence. And were I applying my own thinking hat, I’d say Trump’s behaviour, due to it’s volatile nature, is more likely to increase uncertainty in the notoriously fickle markets. But that’s the whole point, it’s all hypothetical. I’m not taking a political standpoint here, I’d be saying a similar thing if Hillary had won and one of her supporters was making this point. There is a lot of research that points to the conclusion that if you showed informed people a graph showing US economic performance, without dates to signify who was President at the time, they’d be unable to say what kind of President was in office at the time of certain trends. An enormous media profile, which the Office of the President naturally comes with, does not mean the effects on the ground are as concrete. I wouldn’t have any truck with somebody praising a hypothetical Clinton administration for this rise, and neither would I be okay with immediately blaming Trump if the economy took a downturn. There are indicators of how good a job a President is doing, but the Dow Jones is not a good one.

Joseph, you have to know how the market works. It may have been rising because of what the investors were thinking Trump was going to do and not because he actually did something. Like they are expecting a tax reform and less regulations. So far he has not done any of that.

@joseph
A rise does not mean the market likes the policies. It may be that war is expected and the companies in the DJI that benefit from military buildup are driving the increase.

Like the anti-Viet Nam War button reads: ‘war is good business, invest your son’

it isn’t clear how much control the president has over stocks. If one uses the Dow Jones to grade presidents, then it appears that Obama was probably the greatest president ever. Factors to consider are the value of the dollar ( a weak dollar makes companies with large non-US deals look bigger), and low interest rates (controlled by the Fed, and indicative of a weak economy).