Howard Gold’s No-Nonsense Investing: How Donald Trump is re-emerging as a risk for the stock market

The night Donald Trump was elected president, Dow futures plummeted as much as 900 points as Wall Street, which overwhelmingly backed the “safe” candidate, Hillary Clinton, worried the unpredictable Trump would break all the dishes in the china shop.

Instead, stocks rallied and never looked back. From just before Election Day until the market peaks of Jan. 26, 2018, the Dow Jones Industrial Average DJIA, -0.70% soared 47% and the S&P 500 SPX, -0.69% gained 38% as the new president delivered on his promises to cut regulations and pass a huge corporate tax cut.

Of course, the stock market’s fundamentals were strong — and getting stronger — but Trump’s policies clearly helped boost business and investor confidence.

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