Donald Trump is President, and the stock markets rally has only continued. British bank Barclays predicted the S&P 500 would lose 11 to 13 percent if Trump won, but would rise two to three percent if Hillary won. Citibank predicted a five percent drop-off under a Trump victory. J.P. Morgan predicted a three percent rise following a Hillary victory, compared to markets “falling further” if Trump won.
And what actually happened? The S&P 500 (or any other major market index, like the Dow Jones Industrial Average), soared, closing at record highs the majority of days since Trump was elected. It closed above 20,000 for the first time in history this week and has held those gains.
You don’t even need to look at the x-axis in the chart of the Dow below to take a wild guess at when Trump defeated Hillary.
And of course, while the market has rallied as a whole, a number of its components have far outperformed. Not coincidentally, one of those firms has a connection to the Trump’s. The firm in question is Ralph Lauren, which is one of the few people who haven’t boycotted dressing Melania as a pointless act of defiance. And as a result, their stock is soaring.
As the Gateway Pundit reported:
Ralph Lauren company stock soared in the minutes just before President Trump took the oath of office – about an hour after Melania made her first appearance.
The stock had closed on Thursday at $88.20 a share, before reaching $89.32 in the moments leading up to the inauguration. Trading spiked around 11am, and then stock closed at $88.90 at the end of the day on Friday, a boost in what had otherwise been a down month for the company’s stock.
The continued surge in Ralph Lauren share prices continued since the inauguration. The stock closed on Wednesday at $91.15 a share.
This is the LARGEST increase in the history of their stock price after dressing a political figure. If it worked out this well for them, I’m sure those other firms are kicking themselves for the “bold” stances they think they took.
Forget the Trump effect – it’s the Melania Trump effect that’s impressive!
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