So when Trump deals a potentially good hand, Wall Street doubles down.
Since the election, some of those bets have paid off. Stocks surged weeks after the election and Trump’s inauguration in what investors have dubbed the “Trump rally.” The Dow Jones industrial average broke 20,000 points for the first time in January while the Standard & Poor’s 500-stock index and the Nasdaq composite index reported record highs.
In his first 100 days in office, Trump worked to make his business policies a reality. He rolled back Obama-era regulations and announced a preliminary plan to slash taxes, both of which have played favorably in the stock market.