Does history repeat itself?! The Trump administration '1.0' saw a 1.7 times increase in stock market indices!

Pre-Trump presidency stock market, rise to meet expectations(November 8, 2016 - January 20, 2017)
Following Mr. Trump's unexpected victory in the 2016 election, the market showed a positive response to his economic policies within a few hours. In particular, reflecting his promises of corporate tax cuts and deregulation, both the US stocks and US bond yields, along with the dollar, surged simultaneously. During the period from the election day to the inauguration day, the S&P 500 index rose by 6.56%.

During the election period,Mr. Trump promised to promote a significant tax reform. aiming to stimulate economic growth and investment by lowering corporate and individual tax rates, contributing to the improvement of market credibility. Moreover, Mr. Trump proposed a large-scale infrastructure project.Aiming to strengthen the infrastructure of American transportation, energy, communications, and other sectors, it is expected to promote economic growth and create new job opportunities. In other words, optimistic expectations in the market have contributed to pushing up the S&P 500 index.

◇On December 22, 2017,The Tax Cuts and Jobs Act was signed into law, lowering the corporate tax rate from 35% to 21%. This tax reform was expected to stimulate corporate investment, increase job opportunities, and promote economic growth. It notably lifted stock prices, including the S&P 500 Index. Additionally, revisions to individual income taxes led to increased take-home pay, contributing to economic growth and revitalization of the stock market.In 2018,

◇As a result of the tax reform, many companies expanded their cash reserves and used the funds to buy back their own shares.With the reduced tax burden on companies due to the tax reform, there was observed an increase in stock prices and earnings per share. Consequently, in 2018, the amount of corporate stock buybacks reached historically high levels.With the reduction in corporate tax burdens following the tax reform, there was observed an increase in stock prices and per-share profit. Consequently, in 2018, the amount of stock buybacks by companies reached historically high levels.

◇In March 2020, the S&P 500 index plummeted by over 30% from its early year high, but then recovered over the following months, ending the year with an approximately 16.26% increase, setting new highs. The same year, the new coronavirus severely impacted the global economy and financial markets. In response to the pandemic, the Trump administration and Congress implemented large-scale financial and fiscal stimulus measures, signing the 'Coronavirus Aid, Relief, and Economic Security (CARES) Act'. This measure, totaling $2.2 trillion, was the largest relief package in U.S. history, incorporating cash payments to households, expanded unemployment benefits, assistance for private enterprises, and played a vital role in maintaining financial market stability and promoting economic growth.The Trump administration signed the 'Coronavirus Aid, Relief, and Economic Security (CARES) Act', a $2.2 trillion relief package, including cash payments to households, expanded unemployment benefits, and support for private enterprises, in response to the coronavirus outbreak which significantly impacted the global economy and financial markets.The Trump administration's 'version 2.0' is here! Future Outlook (January 20, 2025 - January 20, 2029): During President Trump's first term, the S&P 500 index generally showed an upward trend. The bullish stock market largely benefited from Trump's policies. While the initial tax cuts and deregulations injected vitality into the market, uncertainty arose due to changes in trade policies. The onset of the COVID-19 pandemic had short-term effects on the market, but swift government responses led to recovery.

On December 12th, President Trump rang the opening bell at the New York Stock Exchange (NYSE), announcing a series of policy proposals related to tax cuts. He expressed his intention to reduce the corporate tax rate from the current 21% to 15% in front of gathered corporate executives.During President Trump's first term, the S&P 500 index generally showed an upward trend, benefiting significantly from Trump's policies. While the initial tax cuts and deregulation brought vitality to the market, changes in trade policies caused uncertain outcomes. The market experienced short-term impacts from the COVID-19 pandemic, yet swift governmental responses facilitated a recovery.
Trump's administration is diving into 'version 2.0'! Future outlook (January 20, 2025 - January 20, 2029): Throughout President Trump's first term, the S&P 500 index exhibited an overall uptrend. The positive performance of the stock market was greatly influenced by Trump's policies. The initial tax cuts and deregulation measures invigorated the market, but shifts in trade policy introduced uncertainty. Although the COVID-19 outbreak had short-term effects on the market, rapid government actions led to its recovery.