Patriot Newsletter

Making America Great Again!

The Stock Market Is Still Crushing It Thanks To Trump

The third quarter that closed out on Friday, Sept. 28, was the best quarter for the stock market in five years.

Depending on how you measure it, this has been the longest bull market in history and we’ve seen new record highs recently.

Thanks in no small part to Donald Trump the economy is still on fire, and both the middle class and investors have been loving it. Even better, the market’s six month long rally may be set for even more good news!

The Dow Jones Industrial Average was up 9.26 percent in the third quarter and is up 7.04 percent year to date. It hit an all-time high of 26,769.16 on Sept. 21. The S&P 500 gained 7.28 percent in the third quarter and has risen 16.09 percent year to date. It also registered a new record high on Sept. 21 when it hit 2,940.91.

The technology heavy NASDAQ gained 7.23 percent in the third quarter and is up 16.56 percent year to date. It hit its record high on Aug. 30 with a reading of 8,133.30. It has been a good year for U.S. stocks.

After a difficult start first three months of the year, the S&P 500 has posted six-straight months of gains — rising roughly 11% since April 1. This has been only the sixth time this has happened since 1928. Each time it’s happened before the market continued to rise even further in the final three months of the year. Currently it is expected to return 9.2%, compared to 1.9% in all years.

“Strength begets strength in the market,” said Bespoke Investment Group co-founder Paul Hickey. “It just doesn’t get much better than this” he said. Paul also told us that he expects a fourth-quarter stock market gain of mid single digits.

According to stats whenever a six-month streak occurs the following three months will see positive returns 85% of the time. This is ideal for everyone including the middle class Trump promised to protect, and also investors. Everyone is getting richer!

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