Trump effect: Stock market soars to record highs

By Cheryl Chumley

(Photo: Twitter/Biedex)

(Photo: Twitter/Biedex)

The left would have it believed the recent White House shake-up that left National Security Adviser Michael Flynn in resignation mode only underscores the inability of President Donald Trump to govern – a message that, if true, ought to leave Wall Street investors shaking in their shoes.

But, in fact, it’s the opposite.

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“After all the Michael Flynn scandals and overturned executive orders and middle-of-the-night disruptive tweets, Wall Street believes one thing above all — that the Trump administration will survive and the U.S. economy will thrive,” CNBC wrote.

It’s a positive for the besieged White House that’s going to be difficult for Democrats to overcome. Democrats have long positioned themselves as the party of the little people, and Trump, as a wealthy elitist who cares only for Big Business. But it’s hard to piggyback political opposition to the president using numbers that show growth for the business world as a whole – growth which then trickles into the economy by way of more jobs, lower prices and better entrepreneurial opportunities for all.

Nasdaq’s composite index set a record-high close for seven days in a row, the longest streak the nation’s seen since 1999. Meanwhile, the S&P 500, the Nasdaq and the Dow Jones industrial average all hit at record levels during closings for five days running – again, another streak, this one not seen in 25 years.

Stocks, meanwhile, are experiencing the second-longest bull market in history. The first? That was between the years of 1987 and 2000.

And according to financial experts, a large part of the stock and market positives are attributable to one factor: Trump’s pro-business message.

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