He called it and was right… AGAIN!
About a week ago, President Trump tweeted:
Stock Market is heading for one of the best months (June) in the history of our Country. Thank you Mr. President!
— Donald J. Trump (@realDonaldTrump) June 25, 2019
According to MarketWatch, the DOW had its best June in 80 years by going up more than 7% for the month.
“U.S. stock benchmarks have mostly enjoyed a healthy run-up on the back of the Federal Reserve’s easier monetary-policy stance and hope for a China-U.S. trade pact.
Recent gains have helped the Dow Jones Industrial Average DJIA, +0.28% to ring up its best June gain of 7.2% since 1938 when the blue-chip benchmark surged an eye-popping 24.3% on the month, according to Dow Jones Market Data.
The S&P 500 index SPX, +0.58% notched its best June return, with a gain of about 6.9%, since 1955 when the broad-market benchmark rose 8.2%, while the Nasdaq Composite Index COMP, +0.48% was on track for a 6.9% return in June, which would represent its best June since a 16.6% gain back in 2000.
The S&P 500 on June 20 notched its first record close since April 30, while the Dow is off less than 1% short of its Oct. 3 all-time closing peak.”
It’s important to state that this increase is measured by points. In the DOW’s history, it’s never increased this much in its more than 100-year history!
According to Yahoo Finance, the DOW closed on May 31st at 24,815. By the end of June, it closed at a whopping 26,599!
It a massive increase of 1,784 points in ONE MONTH!
Keep up the great work Mr. President!
With these kinds of results, do you think the President will have any problems beating any of the Democratic Presidential candidates?
Leave a comment below and let us know what you think.
~Sounding the Liberty Horn!
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