Wall Street is incredibly thankful this Thanksgiving after a year of certainty. Right before the 2016 election, Wall Street was on the verge of collapse. The government itself was even considering shutting down. However, everything changed the day after Donal Trump was elected President of the United States. The day after the election, the stock market rose almost 500 points. This positive shift was the start of bringing the United States out of a recession.
From last November to this November, the stock market has broken several different records, making the 2016-2017 year the most profitable in history. In addition to stock market records being broken, investor records were also broken, too. Once the stock market began to climb, investors from all over the world began to put their trust in the American stock market once again. Today, the American stock market has more investors than ever. Additionally, the new investors are between the ages of 18 and 30. Stock market analysts believe this is an excellent sign for the stock market. Joining the stock market at a young age shows promise that these individuals will be investing for another 20 to 30 years.
The Dow Jones is up 40%, and the Nasdaq is also up 40%. Wall Street professionals are expecting these numbers to rise over the next 12 months. Not only are these numbers causing more people to invest, but these numbers are also opening more jobs on Wall Street. Wall Street is beginning to look like it did in its infancy. People from all over the world are flooding Wall Street on a daily basis.
Investors, workers on Wall Street, and financial analysts credit this achievement to President Donald Trump. From the moment Donald Trump entered the White House, he began to fight against the weak laws put together by the Federal Government. These rules were designed to keep everyday Americans from having success in the Stock Market. However, Donald Trump believes all Americans should have to opportunity to invest and find success in the stock market. Donald Trump called this war on law an economic recovery, and it truly lived up to its name.
Now that Wall Street is back to normal, successful investors are asking Donal Trump for tax cuts, especially before tax season arrives. It has not been established yet if President Donald Trump will award tax cuts to successful investors on Wall Street.