Obama-Trump bull market will be right now up 268%

Why stocks don't measure the health of the economy

The Obama-Trump bull market on Wall Street will be right now the second strongest ever.

The S&P 500 has soared 268% since bottoming in March 2009 during the depths of the Great Recession.

‘;
var storytext = document.getElementById(‘storytext’);
var heightToSkip = 0;

function resetValues()
{
totalHeight = 0;
targetChildElement = null;
}

// Check if story will be inside the blacklist of articles to remove smartassets
// [2017.07.27] Results of a one-off request via r.barbieri
if(BLACKLIST[location.pathname] === true) {
return
}
if(storytext == null)
{
console.log(“Error finding storytext element for SA embed”);
return;
}


for ( i = 0; i 0)
{
heightToSkip -= storytext.childNodes[i].clientHeight;
resetValues();
}
else if(heightToSkip minHeight && targetChildElement != null)
{
//console.log(“total height = ” + totalHeight);
//console.log(“childNode = ” + targetChildElement);

storytext.childNodes[targetChildElement].insertAdjacentHTML(‘afterend’, smartAssetDiv);
smartasset = document.getElementById(‘smartasset-article’);
smartasset.style.float = ‘left’; // allows module to have text float to right
smartasset.style.marginRight =’20px’;
smartasset.style.marginBottom =’25px’;

//console.log(storytext.childNodes[targetChildElement]);
//SMARTASSET.setDivIndex(targetChildElement);
SMARTASSET.setSmartAssetScript();

/* bail out since we’re done */
break;
}

}

/* div with id=”smartassetcontainer”. Sanity check to only embed once */
else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].id !== “undefined” && storytext.childNodes[i].id === “smartassetcontainer”) {
break;
}

/* div with id=”ie_column” */
else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].id !== “undefined” && storytext.childNodes[i].id === “ie_column”) {
resetValues();
}

/* embeds via twitter, facebook, youtube */
else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].classList.contains(’embed’)) {
resetValues();
}

/* sy88pgw video player */
else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].classList.contains(‘cnnplayer’)) {
resetValues();
}

/* images */
else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘img’)
{
resetValues();
}

/* images stored in figure tags */
else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘figure’)
{
if(storytext.childNodes[i].clientWidth

which narrowly eclipses the gains generated by the 1949-1956 bull run, according to data compiled by Bespoke Investment Group.

The milestone, hit on Monday after stocks raced to completely new record highs, reflects the slow however steady economic recovery the U.S. has been experiencing. While growth has been weaker than many hoped, which’s been consistent enough to keep the market via either collapsing or overheating.

Even before which week, the bull run had the bragging rights for being the second-longest in history, spanning more than eight years.

“The strength in addition to length of the bull market reflects how awful the bear market was,” said Ed Yardeni, president of investment advisory Yardeni Research.

The S&P 500 crashed by nearly 60% during the financial meltdown of 2007-2009 as millions of Americans lost their jobs in addition to the financial system came into doubt.

“People were pricing in financial Armageddon,” said Yardeni.

Related: Millions of Americas can’t feel the stock market boom

The vast majority of the bull market’s gains occurred under President Obama, who presided over a stock market which more than tripled during his eight years in office.

however the bull market has kicked into high-gear inside the Trump era.

The S&P 500 has gained an incredible $2 trillion in value since President Trump’s election, according to Howard Silverblatt of S&P Dow Jones Indices. Wall Street’s post-election party was initially driven by hopes of tax cuts in addition to deregulation, however which’s since been supported by stronger economic growth in addition to corporate earnings, both at home in addition to overseas.

Those who were brave enough to bet on America during the dark days of the last downturn have been rewarded handsomely. If you invested $10,000 inside the S&P 500 when which bottomed on March 9, 2009, which could be worth nearly $37,000 today.

bull market sp 500

Even though Trump frequently brags about stock market records, many Americans can’t feel the market boom. Only 54% of Americans have money invested inside the market, either through individual stocks, mutual funds or retirement plans like 401(k), according to Gallup. which’s down via 65% before the Great Recession, meaning many people missed out of the bull market.

Of course, some think the stock market has gone too far, too fast. They note which much of Trump’s economic agenda, most notably tax cuts, has yet to be fully implemented. in addition to Wall Street has paid little attention to potential downsides of the agenda, such as the threat of a trade war.

Hedge fund billionaire Julian Robertson warned which week which a “bubble” will be being inflated by extremely low interest rates via the Federal Reserve in addition to foreign central banks.

Ryan Detrick, senior market strategist at LPL Financial, doesn’t buy the bubble talk. “We simply aren’t seeing any of the type of excitement or over-the-top sentiment we tend to see at major market peaks,” he said.

dow trump election stocks

Related: Billionaire warns of stock market bubble

In any case, the stock market includes a long way to go before which overtakes the best bull run ever — the boom of 1987-2000. Keep in mind, which boom started off during the end of the Cold War in addition to was later carried by the internet revolution.

The S&P 500 could have to more than double its gains to surpass the 582.15% surge experienced during which bull market. in addition to which could need to keep going for almost four more years to take the title of the longest in history.

“which’s asking for a lot — however I wouldn’t rule which out,” said Yardeni.

sy88pgw (completely new York) First published September 13, 2017: 2:43 PM ET


Obama-Trump bull market will be right now up 268%

Related Posts

About The Author

Add Comment