(08-02-2017, 02:39 PM)Kane Wrote: They better pass tax reform...

Or it'll fall faster than...
something heavy....
off a tall cliff...

Not really.

The end of 2015 and start of 2016 is the last time that we've seen the market take a big dip.  That was mainly due to the price of oil taking a dive.  It kind of climbed back up throughout the year with bonds (bearish) paying pretty good.  Stocks did well in certain sectors, but the overall market really didn't do all that great... until November.

What is interesting to look at is the major jump on or around November 8, 2016.  Since then the market has been steadily climbing.  There was a minor (and needed) correction around the February - May time-frame, but remember that's the end of a fiscal quarter.  It was also around the same time that the FED announced the policy regarding interest rates.  After that correction, the market kept (and keeps) steadily going up.

Here is a daily chart that tracks the DOW daily showing the last two years.



I wouldn't say that the market performance is based on The White House and what has been going on at all.

It's just my opinion that the market has been doing well for a couple of reasons, regardless of the current political climate.

1. Businesses and investors perceive a more "friendly" environment under Republican government.  I'm not saying that it's real, I'm just saying that's the "perception" in my mind.  That's why you see the major bump in November of last year.
   
   
   
2. Oil being relatively low right now is good for business.  The price of oil is a major driver of the economy.
   
   
   
3. Lifting major bloat and restrictions allows businesses to prosper and make money.  Going back to #2, includes lifting restrictions regarding the Dakota pipeline as well as the Keystone pipeline.
   

The bottom line is, you can't credit a President for how the stock market performs directly.  Is there some influence?  Of course, but there are many factors involved regarding it.

Many people credit President Obama for the market improving from when he got elected (2008), but fail to realize that it was actually President Bush administration people that helped make it happen (Hank Paulson for one).

My bottom line is this.  The market doing well either in the past or the present has very little to do with the sitting President.  Trumpettes are going to give him credit for how the market is doing today and liberals are going to credit President Obama for the recovery from the 2008 housing bubble crash.  Both are wrong.

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