2 hours ago
From a purely statistical standpoint, Wall Street has thrived under President Donald Trump. During his first, non-consecutive term, the timeless Dow Jones Industrial Average (DJINDICES:^DJI), benchmark S&P 500 (SNPINDEX:^GSPC), and tech-focused Nasdaq Composite (NASDAQINDEX:^IXIC) gained 57%, 70%, and 142%, respectively. We've witnessed something of an encore performance since the beginning of his second term in January 2025.
The Trump bull market is being fueled by the artificial intelligence (AI) infrastructure build-out, much better-than-expected corporate earnings, and record share buybacks. The president's first-term tax-and-spending law, the Tax Cuts and Jobs Act (signed into law December 2017), spurred the latter by reducing the peak marginal corporate income tax rate to 21%, the lowest level since 1939.
Missed AI's "Act 1"? Act 2 Could Be 14x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ***** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Image source: Official White House Photo by Daniel Torok.
But things may not be as perfect for the stock market as the Dow's, S&P 500's, and Nasdaq Composite's gains imply. An ominous $8.44 trillion figure with historical precedent at its back looms large, implying that the Trump bull market is operating on borrowed time.
#term
The Trump bull market is being fueled by the artificial intelligence (AI) infrastructure build-out, much better-than-expected corporate earnings, and record share buybacks. The president's first-term tax-and-spending law, the Tax Cuts and Jobs Act (signed into law December 2017), spurred the latter by reducing the peak marginal corporate income tax rate to 21%, the lowest level since 1939.
Missed AI's "Act 1"? Act 2 Could Be 14x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ***** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Image source: Official White House Photo by Daniel Torok.
But things may not be as perfect for the stock market as the Dow's, S&P 500's, and Nasdaq Composite's gains imply. An ominous $8.44 trillion figure with historical precedent at its back looms large, implying that the Trump bull market is operating on borrowed time.
#term
