Last week the stock market was setting all-time highs as the Dow Jones Industrial Average crossed 20,000 for the first time. Since the close of trading on Nov. 4th, the market has raced ahead by over 2,200 points to where it stands today. Of course it remains to be seen whether this market can sustain the momentum or not under the leadership of our new President, Donald Trump.
Just typing that last sentence seems surreal, for people in both parties. We hardly could have imagined this two years ago. Whatever your political views, you have to give him credit for doing what no one thought possible. It’s something we haven’t seen in the history of our government.
President Trump is still an unknown quantity. By his own words, he is new to the political scene. We do not fully know how he will proceed with matters of national policy or foreign affairs because he doesn’t have a long track record for us to parse through. But we do know one thing about him. President Trump is a businessman through and through. He has done well for his family and the thousands of people he has employed.
Will this expertise be good for businesses across the country though? And will it translate into upward momentum in the stock market? Should you invest in the market during the Trump presidency, be it four or eight years? Let’s try to find out.