Trump bump to continue?

The DOW Jones pushed to a new intra-day high on 3rd July 2017 ahead of the holiday as the Trump bump effect continues. But just how much of this is attributable to Trump and how much higher can it go?

Record highs

It’s not that long ago I was looking at 18600 as the high and then it smashed through 19000 before the end of December 2016. Then 20000 in January 2017 and 21000 in February 2017 and now 21500 plus. All record highs!

Surely some of the historical record breaking climb is down to the Trump effect. He stands for lower taxes and deregulation at least and the markets like that. But, I believe much of the climb was already built in due to the Federal Reserve policies and the £18 trillion plus that has been poured in to the economy – and that has to have an effect eventually – even a decade on.

Trump slump due?

It’s undeniable just how much the markets have risen, especially the DOW – but have much is down to the Trump bump. I’m not a pessimist at all, but I have to ask myself just how much of difference Trump has really made. Are we heading for a bit of a Trump slump? After all, it can’t stay this high for much longer without a small correction at least – can it?

Is the economy fixed yet? More to come on this…