‘Keep in mind Trump was proper…’: US President cheers Dow Jones at file excessive; sees index doubling to 100,000 on ‘nice tariffs’

US President Donald Trump sees the US inventory market doubling from right here by the tip of his time period. Praising the primary yr of his second time period, Trump expressed confidence that the inventory market might double throughout the subsequent two years after the Dow Jones Industrial Common closed above the 50,000 mark for the primary time on Friday.Posting on Fact Social through the Tremendous Bowl on Sunday evening, Trump attributed the Dow Jones’ milestone to what he believes are sturdy tariffs and nationwide safety insurance policies. He stated he anticipated the Dow to achieve 100,000 by the point his time period concludes, including that he hoped the USA Supreme Court docket was observing developments. This remark is broadly being interpreted as a message urging the court docket to not intrude along with his tariff agenda.“Document Inventory Market, and Nationwide Safety, pushed by our Nice TARIFFS. I’m predicting 100,000 on the DOW by the tip of my Time period.REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING! I hope the USA Supreme Court docket is watching,” he posted on Fact Social.Trump has repeatedly argued that his tariff insurance policies have helped rebalance world commerce, contributed to worldwide stability, and boosted financial prosperity in the USA via elevated income from overseas.Trump has repeatedly argued that his tariff insurance policies have helped rebalance world commerce, contributed to worldwide stability, and boosted financial prosperity in the USA via elevated income from overseas. He additionally pointed to an estimated 5.4% growth in gross home product within the earlier quarter, regardless of what he described as a record-long authorities shutdown pushed by Democrats.In accordance with his remarks, the shutdown was carried out below the banner of healthcare reform that in the end didn’t materialise, with conservatives claiming it was supposed as a political transfer towards him. He additional said that Senate Democrats triggered one other shutdown towards the tip of final month and will probably trigger one other if funding for the Division of Homeland Safety is just not accepted earlier than the February 13 deadline later this week.The Dow Jones Industrial Common closed above the 50,000 stage for the primary time on Friday. This marked a historic milestone for the blue-chip index as buyers more and more shifted towards non-technology shares this yr.The index climbed 1,206.95 factors, or 2.47%, to settle at 50,115.67 on the shut of buying and selling. The sturdy achieve displays continued momentum within the Dow, which has outperformed different main Wall Road benchmarks to date this yr.Market members have more and more turned to shares outdoors the expertise sector, supporting the index’s advance and serving to drive its year-to-date rise. The Dow has gained 4.3% because the starting of the yr.