It's no secret that the stock market has crashed to near 2008 financial crisis numbers, just like it's no secret that President Trump was going to fix it.
Naturally, he did.
President Trump announced that he plans to roll out a massive payroll tax cut & other programs to battle the Coronavirus' economic impact. As a result, the Dow Jones Industrial Average bounced up an incredible 1,167 points; the third-highest gain in American history.
The S&P 500 and Nasdaq Composite also drastically increased by 5%.
It was these new policy announcements that gave hope and inspiration to convince investors to put money back into the stock market.
This tails one of the following remarks President Trump's White House press briefing:
“We are going to take care of, and have been taking care of, the American public and the American economy."
This quote was referring to President Trump floating a payroll tax cut. This was to ensure that Americans affected or infected by Coronavirus didn't miss a paycheck, and to help industries suffering as a result of the outbreak, such as travel & restaurants.
After these comments, companies such as American Airlines & Carnival Cruise Ships saw an positive increase in their stock value of over 10%. Banks, energy, and sporting goods corporations were also able to recoup some of their losses from the crash.
How lucky are we to finally have a President that knows how to run the economy?
What do you think about Trump's plans?
Let me know in the comments!