History Says There Are $8.44 Trillion Reasons the Trump Bull Market Is Running on Borrowed Time
Money market fund investors are telling a chilling tale of what may come for a historically expensive stock market.
The Trump era bull market has been thriving, according to statistical analysis, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite experiencing substantial gains. The Dow Jones increased by 57%, the S&P 500 by 70%, and the Nasdaq Composite by a remarkable 142% during his first non-consecutive term. This progress has continued in his second term, starting from January 2025, driven by factors such as artificial intelligence infrastructure development, better-than-expected corporate earnings, and record share buybacks.
The Tax Cuts and Jobs Act, signed into law in December 2017, played a significant role in this surge by reducing the top marginal corporate income tax rate to 21%, the lowest since 1939.
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