President Donald Trump Just Proclaimed That "Inflation Is Way Down," but Federal Reserve Economists Have a Different Take

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From a purely statistical standpoint, Wall Street has relished having Donald Trump in the White House. The average annual return of the timeless Dow Jones Industrial Average (DJIN…

From a purely statistical standpoint, Wall Street has relished having Donald Trump in the White House. The average annual return of the timeless Dow Jones Industrial Average (DJINDICES:^DJI), benchmark S&P 500 (SNPINDEX:^GSPC), and tech-driven Nasdaq Composite (NASDAQINDEX:^IXIC) is decisively higher under Trump than under most other presidents over the last 130 years.

There's little question that the evolution of artificial intelligence (AI) and the ongoing AI infrastructure build-out have been paramount to this outperformance in President Trump's nonconsecutive second term. The president's favorable tax policy -- the Tax Cuts and Jobs Act permanently lowered the peak marginal corporate income tax rate from 35% to 21% -- has played an important role, too.

Missed AI's "Act 1"? Act 2 Could Be 16x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005.

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