"'Stock Market could hit all-time high (again) 22,000 today. Was 18,000 only 6 months ago on Election Day. Mainstream media seldom mentions!' — President Trump, in a tweet, Aug. 1, 2017 (Market closed at 21,963.92)
"For years, Donald Trump warned that the stock market was in a 'bubble' and ready to crash — and then he became president.
"As the president finds his legislative initiatives stuck in Congress and vexing international problems immune to Twitter diplomacy, he has increasingly celebrated the continued rise in the stock market since he was elected.
"The problem is that before he was elected, he warned repeatedly that the stock market would crash as soon as the Federal Reserve began raising interest rates."
New highs are commonplace. Under nearly every modern president stocks reached new highs at some point. What's interesting for investors isn't a new high, but rather the average rate of increase. That's what builds wealth. And on that front, the Democratic presidents, as a group, annihilate the Republicans. On average, with a GOPer in the White House, stocks get a very modest real increase, whereas with Democrats in the White House stock returns are fantastic.