The Dow Jones

[Guest]

The Dow Jones—an index tracking 30 large cap stocks—passed 23,000 for the first time. That’s a 5,000-point run since the presidential election. A stroll down memory lane…shall we?

• March 2009: 6,626—lowest point during the recession.
• November 2012: 13,009
• February 2016: 16,204

For those of you counting, that’s a 246% return for anyone lucky enough to have bought into a Dow Jones ETF (like DIA) in March of 2009.

It’s hard to say what’s been fueling the Great Bull Run of our generation, but contributing factors include: 10 years of economic expansion, record corporate earnings, and a Trump Administration that’s planning to roll back regulations and pass tax reform. 

Boy, it sure would’ve been nice to have known the Dow back in 1980, when it was a baby-faced index sitting at 830 points.

https://www.morningbrew.com/stories/23k-magic-air/