Odaily Planet Daily News In his last speech before taking office, President-elect Trump attributed the rise in the stock market and Bitcoin’s recent record highs to himself.
"You've seen results that no one expected," Trump said at the rally, before calling it the "Trump effect." "Since the election, the stock market has risen significantly, small business optimism has Bitcoin rose a record 41 points to its highest level in 39 years.
Stocks have continued to rise over the past year, reaching a high in early December, shortly after the election. The S&P 500 peaked at 6,090 on December 11, while the Nasdaq peaked at 20,204 on December 16. (The Block)