The New York Stock exchange is about to open as I write this. Dow futures are at 20,984, up 179 points from yesterday. Likewise, S&P futures are up 18 points at 2380, and gold is down at 1238.
Undoubtedly, the markets are reacting to President Trump’s speech.
He started by emphasizing results from his first month: More jobs, wealth creation, less governmental expenses, fewer regulations and greater energy self-sufficiency,
Since my election, Ford, Fiat-Chrysler, General Motors, Sprint, Softbank, Lockheed, Intel, Walmart, and many others, have announced that they will invest billions of dollars in the United States and will create tens of thousands of new American jobs.
The stock market has gained almost three trillion dollars in value since the election on November 8th, a record.
We’ve saved taxpayers hundreds of millions of dollars by bringing down the price of the fantastic new F-35 jet fighter, and will be saving billions more dollars on contracts all across our Government. We have placed a hiring freeze on non-military and non-essential Federal workers.
We have begun to drain the swamp of government corruption by imposing a 5 year ban on lobbying by executive branch officials — and a lifetime ban on becoming lobbyists for a foreign government.
We have undertaken a historic effort to massively reduce job‑crushing regulations, creating a deregulation task force inside of every Government agency; imposing a new rule which mandates that for every 1 new regulation, 2 old regulations must be eliminated; and stopping a regulation that threatens the future and livelihoods of our great coal miners.
We have cleared the way for the construction of the Keystone and Dakota Access Pipelines — thereby creating tens of thousands of jobs — and I’ve issued a new directive that new American pipelines be made with American steel.
He went on to outline his goals of tax reform, equal tariff treatment, merit-based immigration, infrastructure investment, repeal and replacement of Obamacare.
Public reaction to the speech last night was very positive.
The Democrats reaction? To go further left. As Pete said, #trumpaddress The Worst Day #NeverTrump and Democrats ever had.
As I finish this post, the DJI opened at 21,007. The Worst Day for NeverTrump and Democrats rolls along.
Fausta Rodríguez Wertz posts on U.S. and Latin America at Fausta’s blog.