Accuracy in Media

The Washington Post became the first major liberal newspaper to admit the stock market’s rapid rise — culminating in a record close above 22,000 yesterday — actually may be related to the election of Donald Trump as president.

The markets’ most recent run-up does indeed have something to do with Trump’s win in November, several analysts said. Back then, some on Wall Street cheered the ascent of a businessman into the White House and his promises to cut taxes, invest in infrastructure and increase military spending. The Dow turned sharply up right after the election and has risen 23 percent since then.

Some companies had more to gain from Trump’s pronouncements than others and saw their stocks jump, an effect Wall Street brokers call the “Trump Trade.”

Boeing, which generates much of its profits from its Defense, Space and Security division, has seen its shares soar more than 70 percent since Trump’s election. It has accounted for 45 percent of the Dow’s rise this year, far more than any of the other 29 companies in the index.

In an effort to downplay the rise, most major media outlets have switched to using the date of the inauguration as a starting point, instead of election day, to make the increase appear to be average rather than exceptional.

The 23 percent rise is far better than the similar period under George W. Bush  (-3.7) and Barack Obama (+17.7) when they were elected for the first time.

The media knows presidents aren’t solely responsible for the rise and fall of the stock market,  but their policies can affect the market’s mood. And the mood since the election has been positive.

After years of boasting about gains under Obama, the liberal media is now discounting the stock market’s records under Trump, proving just how hypocritical it can be.

 

 

 

Photo by Fortune Conferences

Photo by saidhanushav





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Comments

  • John Cunningham

    Also, while their at it they need too admit Robert Mueller, Liberals and elitist Republicans, are investigating a ham sandwich on our dime. It is time to have a parallel investigation with a special prosecutor like Rudy Giuliani, to investigate all the crap that went on with Hillary Clinton. While they are at it, they can do like Mueller and go after the eight corupt years of the Obama Administration. Mueller is going after everything with Trumps name on it so, lets make enough ham sandwiches so we can all eat one.

  • jg collins

    “At MSM, hypocrisy is our most important product.”

  • TED

    The stock market is all about business (mostly “BIG”) to a limited number of wealthy insiders and, primarily, large institutional and wealthy individual investors. It has little to do directly with most Americans … especially the working classes and the millions-upon-millions who struggle financially from paycheck-to-paycheck. And, it’s just a form, albeit higher-level, of gambling … not really significantly different from what goes on in a casino. So, it that’s Trump’s claim to fame as president … it’s a piss-poor and totally irrelevant claim to most of us!

  • mioahu

    You just proved your ignorance again… who do you think holds most of the stock market ? american households , directly, through mutual funds , pension plans who own directly and mutual funds…so you are wrong, like you usually are, but i guess you are a true believer, no matter how many times you are proven wrong u keep marching
    here, for your education
    http://www.businessinsider.com/chart-stock-market-ownership-2013-3

  • Mark Midas

    Now all they have to do is to admit that the ruinious collapse of the U.S. housing market in 2007 was engineered by George Soros hedge-fund managers for the purpose of electing the Marxist-Muslim bastard child of CPUSA’s Frank Marshall Davis in the statutory rape of Ann Sutton. Oh yeah, that would be Barack “Insane” Obama.