President Trump keeps racking up the wins and the Democrats have no answer. Trump has remade the federal judiciary and helped steer massive economic gains while the left pushed a false Russian narrative.
Imagine Democrats waking up after three years of lies to find out Trump has made the federal bench conservative for the next generation.
And has a booming economy the likes of which we have never seen. Trump’s economy continues to set records and there is no end in sight.
From CNBC: The S&P 500 has returned more than 50% since Trump was elected, more than double the 23% average market return of presidents three years into their term, according to data from Bespoke Investment Group dating to 1928.
The bellwether index gained more than 28% this year, well above the average 12.8% return of year three for past U.S. presidents.
“Year three has been by far the best year of the cycle with an average gain of 12.81%, and the playbook has stuck to the script in year three of the current cycle,” the firm said in a note to clients last month.
Despite the volatility from the U.S.-China trade war, 2019 has been a year of all-time highs for the major stock averages. The S&P 500 crossed 3,200 for the first time ever last week, hitting its seventh round-number milestone of 2019. While business investment slumped due to uncertainty surrounding the world’s two largest economies, public market investors remained confident enough to put money into stocks.
Trump’s market got a boost from Federal Reserve Chair Jerome Powell and the central bank, which lowered interest rates three times this year, the first time since the end of the financial crisis. The Fed slashed rates on fears of slowing growth at home and abroad. Trump was highly critical of Powell for not lowering rates more and faster, often mentioning the near $15 trillion in negative yielding government securities outside the U.S.
Markets were also helped by one of the tightest labor markets in history, with the unemployment rate currently at 3.5%, its lowest since 1969. And since Americans were working, they were also spending. The strong U.S. consumer held the economy up during some reported manufacturing contractions. Consumers also held strong amid a messy bond market, when shorter-term bond yields rose above long-term yields, causing the yield curve to invert, a phenomenon known to precede recessions. The curve has since steepened and is no longer inverted.
“Trump stock market rally is far outpacing past US presidents” https://t.co/lFegwHMLGr
— Donald J. Trump (@realDonaldTrump) December 26, 2019
Americans' retirement savings are WINNING BIG under President Trump!
— Trump War Room (Text TRUMP to 88022) (@TrumpWarRoom) December 26, 2019