It Was a Very Trumpian 2019: Global Stock Markets Gained $17 Trillion in Value This Year
…Well, shockingly, all those predictions were completely and utterly wrong:
Global stock markets have been on a torrid run in 2019, adding more than $17 trillion in total value, according to Deutsche Bank calculations.
The value of global equities began the year just under $70 trillion but has now surpassed $85 trillion, according to a chart from Deutsche Bank’s Torsten Slok.
This amazing climb has been “largely dominated by the U.S. markets.” The S&P 500, Dow Jones Industrial Average, and Russell 2000 have all risen more than 20 percent this year. And we’re not only talking about this year. Since Trump’s election, the Dow Jones has risen a stunning 10,000 points.
That is what the Trump Effect is truly all about. What’s more, from the looks of it, 2020 promises to be just as good a year as 2019 — and it’s all because of Donald Trump’s smart economic policies.
And yet the Left keeps calling him stupid and a buffoon. And no, this is not a run-off of Obama’s policies…
(H/T: PJ Media via Instapundit)
