Trump touts record highs in financial markets

Trump touts record highs in financial markets
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President TrumpDonald John TrumpButtigieg surges ahead of Iowa caucuses Biden leads among Latino Democrats in Texas, California Kavanaugh hailed by conservative gathering in first public speech since confirmation MORE touted record highs in the stock markets over Twitter on Wednesday.

The president praised an “ALL TIME & HISTORIC HIGH,” saying the country is “lucky to have me as your President.”

“Stock Markets (all three) hit another ALL TIME & HISTORIC HIGH yesterday!” Trump tweeted. “You are sooo lucky to have me as your President (just kidding!). Spend your money well!”

The Dow Jones Industrial Average hit a record high of 27,492.63 on Tuesday, with the tech-heavy Nasdaq composite climbing to a record 8,434.68 the same day. The S&P 500 index reached a record 3,078 on Monday.

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Trump has lauded the financial and economic gains during his presidency, including how the unemployment rate was at 3.6 percent last month, slightly up from the 50-year low in September.

The economy’s success has been a focal point of his reelection campaign, with Trump arguing in August that the economy would “go down the tubes” if he lost the 2020 presidential race.

Still, economists have raised concerns about a possible economic downturn next year, particularly because of Trump's year-plus trade war with China.