Trump says the market would be down 50% from here if the 'Dems had won' [CNBC]
THIRD POINT REINSURANCE LTD (TPRE)
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Source: CNBC
Getty Images President Donald Trump speaks about tax reform at the St. Charles Convention Center on November 29, 2017 in St. Charles, Missouri. President Trump said Thursday the stock market would be much lower than its current record high if he lost the election last year. Tweet Link If the Dems had won the Presidential Election, the Market would be down 50% from these levels, he wrote on Twitter. The Dow Jones industrial average rose more than 170 points , breaking above 24,000 for the first time Thursday. The S&P 500 has rallied 23 percent since the Nov. 8 election through Wednesday, while the Dow is up 31 percent. Not everyone on Wall Street agrees the market's surge is due to Trump's presidency. Earlier this year hedge fund manager Dan Loeb explained the market is up more on better global economic growth and easy monetary polices versus the administration's accomp
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