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Trump Predicts Third Record-Setting Market Day

A screen shows the Dow Jones Industrial Average soon after the market opened on the floor of the New York Stock Exchange . REUTERS/Brendan McDermidA screen shows the Dow Jones Industrial Average soon after the market opened on the floor of the New York Stock Exchange . REUTERS/Brendan McDermid

President Donald Trump predicted Tuesday the Dow Jones Industrial Average will top 22,000 for the first time ever Tuesday afternoon, which would mark a 4,000-point increase since he took office.

The president tweeted Tuesday morning that the “Stock Market could hit all-time high (again) 22,000 today. Was 18,000 only 6 months ago on Election Day.”

The Dow breached 21,000 for the first time in its history in March, coming off the heels of Trump’s first address to Congress.

The index broke 19,000 for the first time Nov. 22, and also marked the beginning of a market rally that continues today. It took just 13 trading days for the Dow to break 19,000. Prior to the November jump, the Dow hadn’t experienced a thousand-point rally since 1999, when it went from 10,000 to 11,000 in just over 24 trading sessions. The ’99 rally was also the single fastest thousand point jump in the Dow’s history. (US Stock Markets Hit All-Time High Tuesday Morning)

The benchmark index surpassed the 20,000 mark for the first time ever in January.

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Robert Donachie
the authorRobert Donachie
I studied Political Economy at Rhodes College in Memphis, Tn. I am an active musician and I love the outdoors. I write on economics, politics, healthcare policy (nerd things) and cronyism for the Daily Caller News Foundation.

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