However, just to show that with the right zoom level, you can make data show you anything, look at 3 year graph, and it shows that up until Nov 2016, the graph was flat-lining, even with some large dips, but then it started going up and has been doing so since. I am sure Trump supporters will say "see, there's your cause!".
And maybe they are right somewhat. This is the stock market, so perceptions, and perceptions of perceptions of future income get folded into the price. So maybe a hope of a more business friendly environment was started to be factored in.
One thing I have little doubt of is that had the market done the opposite and gone down the same amount, every media outlet and Reddit's politics subs would immediately become macroeconomic experts and blame everything on Trump. The reason I say it is because there was a dip the night of the election, and I clearly remember how MSNBC hosts printed out after-hours and Japan stock market results on paper and happily were telling people how their 401k will burn, and jobs will be lost and how they, how had just had a major failure predicting the outcome of the election, had finally validated themselves regarding the stock market crash. But then the very next day the stock market shot up and has been going up since. That's why you don't really find them talking much about the economy. This was one of the surprising articles, and even that from a British company.
yeah i remember that election morning. upset liberals were saying how the market is going to be down 2000 points, etc and pointing to pre-market price changes. having invested before, I know you cant trust pre-market numbers at all, its extremely volatile.
i say that as a fly on the wall. i feel like i am outside some bubble where everyone flips out about the smallest things, and they forget that they did it at all. try asking people about how they flipped out about the premarket trading the day after the election and people are oblivious
http://www.macrotrends.net/1358/dow-jones-industrial-average...
However, just to show that with the right zoom level, you can make data show you anything, look at 3 year graph, and it shows that up until Nov 2016, the graph was flat-lining, even with some large dips, but then it started going up and has been doing so since. I am sure Trump supporters will say "see, there's your cause!".
And maybe they are right somewhat. This is the stock market, so perceptions, and perceptions of perceptions of future income get folded into the price. So maybe a hope of a more business friendly environment was started to be factored in.
One thing I have little doubt of is that had the market done the opposite and gone down the same amount, every media outlet and Reddit's politics subs would immediately become macroeconomic experts and blame everything on Trump. The reason I say it is because there was a dip the night of the election, and I clearly remember how MSNBC hosts printed out after-hours and Japan stock market results on paper and happily were telling people how their 401k will burn, and jobs will be lost and how they, how had just had a major failure predicting the outcome of the election, had finally validated themselves regarding the stock market crash. But then the very next day the stock market shot up and has been going up since. That's why you don't really find them talking much about the economy. This was one of the surprising articles, and even that from a British company.