One of the worst-kept secrets is out of the bag. Former President Donald J Trump has confirmed that he is running for president again in 2024. Speaking at his luxury Mar-a-Lago estate in Florida, Trump officially announced that he was running for President again.
“In order to make America great and glorious again, I am tonight announcing my candidacy for president of the United States. America’s comeback starts right now. I will fight like I’ve never fought before.”
Trump went on to slam the Biden administration calling The US a “nation in decline.”
Trump stated that under his leadership, America “built the greatest economy in the history of the world.”
During his tenure, he would tweet about the performance of the stock market, such as his last tweet about the stock market at the beginning of 2021, “Finished off the year with the highest Stock Market in history. Setting records with your 401K’s, just like I said you would. Congratulations to all!”
The Stock Market During Trump’s Past Presidency
An objective look at market performance shows that the stock market did perform well under his Presidency. The NASDAQ returned an annualized 24.2% – the best in history under a US president since the formation of the index in the 1970s.
Whether or not Trump is successful in his bid to return to The Oval Office remains to be seen. However, one thing the stock market likes is certainty.
With Trump announcing his presidential bid, there is at least clarity on his intentions.
Should he be successful in his 2024 presidential bid, the markets will welcome back the president who oversaw one of the best-performing stock markets of all time. That can’t be a bad thing, right?