Doomsaying Democrats will have a hard time selling their socialism for as long as the American economy continues to thrive under the leadership of President Trump. In another sign of just how disconnected from reality that the party has become, the stock market continued its strong performance with a ninth consecutive week of gains.
It is the longest winning streak in 24 years and when combined with a great job market, record low unemployment for blacks and Hispanics and heightened consumer confidence, it shows exactly why it was a great idea to elect a successful businessman as president.
On Friday, the Dow Jones Industrial Average was back above 26,000for the first time since last November and with prospects for a resolution of trade friction between the US and China, it could continue the upward trajectory which the longer that it continues, will be in inverse proportion to the electoral hopes of Democrats who have nothing to offer but hate, fear, and scams.
— GOP (@GOP) 22 февраля 2019 г.
The Dow posted its ninth consecutive week of advances, its longest weekly winning streak in nearly 24 years, as investors continued to digest commentary surrounding progress toward a U.S.-China trade deal.
The Dow (^DJI) closed at 26,031.81 points, having climbed 0.7%, or 181.18 points, by the end of Friday’s session. This was the first time the index crossed 26,000 points since November 9, and its nine straight weeks gains marked the longest streak since a 10-week run between March and May 1995.
The S&P 500 (^GSPC) rose 0.64%, or 17.79 points, with tech stocks leading advances as the index posted its fourth consecutive week of gains. The Nasdaq (^IXIC) rose 0.91%, or 67.84 points, and posted its ninth straight week of advances, tying for the longest weekly winning streak since May 2009.
Each of the three major indices surged to new 2019 highs during Friday’s session. The S&P 500 rose as high as to 2,794.2 points, the highest level since December. The Dow and the Nasdaq each rose to their highest levels in more than 3 months, touching 26,052.9 points and 7,527.54 points, respectively, at their intraday highs.
It’s unlikely that the idea of doing what’s right for Americans by not messing the markets with investigations galore and an impeachment circus will cross the minds of Democrats who would crash the economy if that’s what it took to get Trump.
With the majority of their unhinged base not being investors – or even employed for that matter – they could care less about productive Americans and that is going to come around to bite them big time next November when American overwhelmingly rejects their socialism and demonization of job creators.