By Tyler Durden
President Trump continues to exuberantly promote the “unprecedented” stock market rally since his election…
It would be really nice if the Fake News Media would report the virtually unprecedented Stock Market growth since the election.Need tax cuts
— Donald J. Trump (@realDonaldTrump) October 11, 2017
But just how ‘unprecedented’ is it?
The answer is not simple.
For the ‘Never-Trump’ers – always looking for a ‘lie’… President Trump’s post-election stock market gain does not make the Top 5.
As Bloomberg reports, going by the pace of gains, the 19 percent increase in the S&P 500 since Trump’s victory trails Franklin Roosevelt, Bill Clinton, Herbert Hoover, George H. W. Bush and John F. Kennedy.
For the #MAGA crowd – cheering Trump on… Global equity markets have gained over $22.5 trillion since President Trump was elected.
This is by far the greatest absolute gain in equity market value for a President’s first 11 months… and even global bonds rallied $750 billion!
And all it took was a $2.1 trillion surge in the value of G3 Central Bank balance sheets, levered into a record speculative short VIX position.
* * *
However, a new study by The Fed suggests he may want to thank the U.S. …read more