[GP] It’s official ‐ The ’TRUMP STOCK MARKET RALLY’ continues to shatter the record books. As a matter of fact, what we have seen since President-Elect Donald Trump won the Presidential election on November 8th, has never occurred before.Out of 21 days since the election, the Dow has reached all time closing highs 13 of these days! On another five of these days the Dow landed at its second highest close ever up to that date!
For more than 60% of the closings since the election, the Dow has reached new highs. For more than 85% of the closing bells the Dow has either reached a new high or its second highest closing to date. For only three days since the election, the Dow has not reached one of these two milestones!
This Trump Rally is an Historical Event! We downloaded all daily closing amounts of the Dow Jones Industrial Average since January 5th of 1905 ‐ more than 110 years of daily Dow closing data to compare the ’Trump Rally’ to other rallies in the history of the Dow.
From an analysis of this data, there are only 15 times in the history of the Dow where the Dow set new closing highs for 13 days or more in a 20 day period.