Criticize Donald Trump all you want, but the stock market keeps breaking all-time highs . Yesterday the Dow Jones Industrial Average rose 875 points, or 1.73%, to 51,562. Well, actually, the Dow dropped today. But Monday? Why the stock market is doing so well is kind of a mystery. There are no sure signs of greater peace in Iran and Lebanon. Initial jobless claims unexpectedly rose 6.1%, first quarter productivity was revised sharply lower and corporate layoffs jumped 11% in May to 97,000. 40% coming from AI expansion. But I did ask Google AI, did the stock market rise when Donald Trump was president from 2016 to 2020? True, the stock market experienced significant growth during the 2016 to 2020 timeframe of the Donald Trump administration . During his first full term from January 2017 to January 2021, the S&P 500 generated a total return of over (67%). [ 1 , 2 ] I further inquired about his current term. Since the 2024 presidential election, the U.S. stock marke...
But first, some news of the day. President Donald Trump seems to be losing control on all fronts. Yesterday, the House adopted an Iran War resolution ( which therefore does not mean all that much ) to rein in Trump. Congress and the courts have forced Trump to pull back the $1.8 billion fund to compensate his allies. The Epstein files continue to lurk. The New York Knicks beat the San Antonio Spurs in Game 1 of the NBA finals, 105-95. Haven't said much about Major League Baseball, which is about 38% into the season, with almost four months left. From Google AI, the top pitchers are: Cristopher Sánchez (Phillies): Leads the majors with a microscopic ERA among qualified starters. He made national headlines by racking up an incredible scoreless-innings streak, showcasing devastating command with his changeup. [ 1 , 2 ] Jacob Misiorowski (Brewers): The "The Miz" has been utterly electric, leading all of baseball in total strikeouts and routinely lighting up the ...