According to a report from CNBC this Thursday, the S&P 500 shot up nearly 7% after House Speaker Nancy Pelosi formally announced the impeachment inquiry into Trump.
Starting with Trump’s inauguration, the Dow has risen from 19,827.3 to 25,075.1 — an increase of 26 percent. That’s impressive.
But it’s not as impressive as its performance during the equivalent period under Obama. Under Obama, the Dow increased from 7,949.1 to 10,572 — a rise of 33 percent.
In fact, the Dow’s rise was even more impressive under Obama if you start measuring at the market’s low point, on March 9, 2009, during the depths of the Great Recession. That day, the Dow closed at 6,547. Between then and Jan. 5 — a 10-month period — the Dow rose by a stunning 61 percent. That’s more than three times faster than Trump’s rise over the same period in his term.
WATCH: President Trump speaks out against his impeachment, House Democrats and the FBI while addressing Turning Point USA's young conservative conference.https://t.co/s9DFV1p4F0 pic.twitter.com/CXYbCORnpn
— NBC News (@NBCNews) December 22, 2019
Below the fold, we know the WH definitely made an official pause in Ukraine aid funds on 25 July 2019 even if there had been already a six-month delay.