Donald Trump has always campaigned that he’s the leader who brings stock market success
The U.S. markets have been steady and strong so far in 2023 and that’s in part driven by a select few of stock, particularly in the tech sector.
But is it a bulls market or a fools market?
Since last year’s downturn, the stock market has made incredible strides – so much so that it seems impossible the economy is nearing collapse.
So far in 2023, the S&P 500 is up roughly 15%, the Dow has gained 3.5% and the Nasdaq Composite has risen 30.8%.
The S&P 500 index was at about 3,666.77, beaten down by persistent inflation.
By the close on June 16, 2023, the broad-based index was at 4,409.59 – a roughly 20% gain from a year earlier despite the collapse of regional banks, a narrowly avoided debt default and the Fed’s continued fight against inflation.
