The value of the U.S. stock market has risen by $9.1 trillion, or 35.6%, since Election Day in 2016, according to Wilshire Associates. For President Donald...
The value of the U.S. stock market has risen by $9.1 trillion, or 35.6%, since Election Day in 2016, according to Wilshire Associates.Lately, he’s been blasting the Federal Reserve for raising rates, and he’s steadily urged the central banks to revert to the policies that supported the market during the last crisis, including the resumption of the Fed’s bond-buying program.
“I would say in terms of quantitative tightening, it should actually now be quantitative easing,” he said last week. “You would see a rocket ship.” ‘If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%... with almost no inflation.
The Dow Jones Industrial DJIA, -0.22% riding strong bank earnings, closed up almost 270 points to 26,412.30 on Friday — another 10,000 points would put the index well above the 36,000 level. The Dow’s all-time high is 26,951.81. Providing critical information for the U.S. trading day. Subscribe to MarketWatch's free Need to Know newsletter. Sign up here.
Shawn Langlois Shawn Langlois is an editor and writer for MarketWatch in Los Angeles. Follow him on Twitter @slangwise.
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