Politics

Trump Says There Was 'No Hope' Before He Won

| by Lauren Briggs

According to President-elect Donald Trump, the world was in a sad state before he was elected, but he has brought so much "hope" to the nation that even the economy has improved.

"The world was gloomy before I won - there was no hope," the president-elect tweeted Dec. 26. "Now the market is up nearly 10% and Christmas spending is over a trillion dollars!"

Trump's tweet referenced a Forbes report from Dec. 22 that projected holiday sales to exceed $1 trillion, marking an increase between 3.6 and 4 percent from spending during the 2015 holiday season. Another American Express Spending & Saving Tracker projected an 8 percent increase, notes Forbes.

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The stock markets have also trended upward since Trump's win. S&P 500's stocks continued to rise over the holiday season, having risen 6 percent since the election, while the Dow rose 9 percent since Nov. 8, according to Market Watch. Both stocks rose 11 percent and 9.5 percent over the course of the whole year, respectively.

Meanwhile, total post-election gains for the Dow Jones Industrial Average, S&P 500 and Nasdaq are 8.7 percent, 5.8 percent and 5.2 percent, respectively.

"We'll probably drift higher to finish the year, because that's typical from a historic basis," Phoenix Financial Services' chief market analyst Wayne Kaufman told Market Watch. "We're getting ready for 2017, waiting to see if there will be any kind of unwind in the 'Trump rally' because a lot of anticipation has been built into stock prices and it may be too much."

The stock market usually rises following elections; indeed, it does so an estimated 63 percent of the time over the past 22 elections, though most stocks involved in the "Trump Bump" have still risen by a higher margin than with any president since President Herbert Hoover's election win pushed the market up 3.6 percent, notes Fortune.

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This young teenage singer was shocked when Keith Urban invited her on stage at his concert. A few moments later, he made her wildest dreams come true:

Sources: Donald Trump/Twitter, Forbes, Market Watch, Fortune / Photo credit: Gage Skidmore/Flickr

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