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No Top Tuesday – Is there Ever and End to this Rally? Up and up we go. Author: Up and up we go. It s truly amazing that the Nasdaq has actually doubled off the March lows and it only fell 30% in March so we re up almost 50% from our pre-pandemic levels and was Trump really that bad for the economy that his policies were holding the market back from a 50% gain at the time? Much as I disliked Trump and his policies, no, they were not responsible for our poor market performance. The Nasdaq was around 5,000 when he took office in 2017 – back to where it had peaked out in early 2000 – and Trump s tax cuts and low rates and weak Dollar rammed us up 140% higher by the time he left office to just under 12,000. We were back to 7,000 last March on virus fears and now it turns out the virus must have been great for the economy as we re up to 14,000 – with Biden adding 2,000 more points (16.66%) in just two months of presidenting.

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