The stock market has just recorded its best month this year in the wake of Donald Trump’s stunning election victory.
According to The Wall Street Journal, Trump’s victory has led to a market rally as investors feel bullish about the prospects for the U.S. economy:
U.S. stocks were on track to end November with their biggest monthly gains this year, as chip stocks rallied on Friday. Major indexes advanced in midday trading, with the S&P 500 on pace for a fresh record.
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The Dow Jones Industrial Average was on track to deliver its biggest monthly percentage gain since late 2023, according to Dow Jones Market Data.
The S&P 500 was also narrowly on course to register its best month of 2024. The small-cap Russell 2000 climbed, lifting its monthly gains above 11%.
Donald Trump’s U.S. election victory this month ignited a market rally as investors bet proposed tax cuts and deregulation would bolster corporate profits.
His pledges to impose tariffs on key trading partners have been largely brushed off by equity traders, though some areas such as auto stocks have taken a hit.
While stock market gains don’t necessarily result in the enrichment of ordinary Americans, they do point to a sense of confidence among investors about the prospects for economic growth under the Trump administration.
Immediately after Trump was declared the winner of the 2024 presidential election, the stock market posted its best day since 2022.
Meanwhile, the dollar benefited from its biggest one-day rise since 2020, while bond yields also surged.
ALREADY WINNING: Stock Market Jumps to Record High and Dollar Surges on Trump Victory
The stock market has generally performed well since the Biden regime seized office in 2021, although every other aspect of his economic agenda has been disastrous for working people.
The main issue has been inflation, which has depleted the value of people’s wages and led to a sharp increase in prices for everything from housing and transport all the way through to gasoline and groceries.
Perhaps most significantly, the country has seen its Misery Index rise significantly during the Biden years.
Back in 2019, when Donald Trump was in the White House, the U.S. Misery Index was at its lowest point in over 60 years, dating back to the presidency of Dwight D. Eisenhower. Most analysts agree that this was the most important factor in Trump’s stunning election victory.
Ben Kew is a writer and editor. Originally from the UK, he moved to the U.S. to cover Congress for Breitbart News and has since gone on to editorial roles at Human Events, Townhall Media, and Americano Media. He has also written for The Epoch Times, The Western Journal, and The Spectator.
You can email Ben Kew here, and read more of Ben Kew’s articles here.
