President Donald Trump used Twitter on Thursday morning to praise the recent stock rally.
“Stock market hits new high with longest winning streak in decades,” Trump tweeted. “Great level of confidence and optimism — even before tax plan rollout!”
It is unclear what Trump was referring to in describing “the longest winning streak,” since there are numerous measures for that, but in any case there has indeed been a sizable run-up in the stock market since the election, with all three major indexes at record highs.
Most recently, the Nasdaq composite index has set a record-high close seven days in a row, which is the longest streak since 1999. Additionally, the S&P 500, the Dow Jones industrial average, and the Nasdaq have all hit closing records at the same time for five straight days, the longest triple winning streak in 25 years.
Originally reported by Business Insider.
