Uber-Enthusiastic Lefty Network Data Whiz Examines Trump Effect on the Market: 'It's Up Like a Rocket!'

AP Photo/Richard Drew

We’ve written multiple articles about CNN’s high-energy data guru, Harry Enten, because he’s fun to watch. Why? Because he often brings good news for Republicans, and it’s always entertaining watching his leftist colleagues’ faces fall as he departs from their usual doom and gloom, "we’re all going to die" narrative.

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On Thursday, he brought more good tidings, showing on his “Magic Wall” that the stock market in Trump’s second term is performing at a historic pace. While stocks are not the sole measure of the strength of the economy, a healthy index is nevertheless an indicator that things are going well.

“It’s a success story if you’re in the White House right now,” Enten proclaimed, sending waves of angst through CNN anchors everywhere. Watch:

It’s rising notably faster than it has under previous presidents going back decades, Enten enthused:

You know, the S&P 500 [Standard & Poor's 500 Index] shifts at this point in a presidency.

You know, coming into today at the close of yesterday, look at this — up 19 percent. That is higher than the average president since 2001, when it's up 15 percent, and WAY, WAY higher than the average presidency since 1961, up six percent.

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Is Trump right to take a victory lap? Absolutely:

So this stock market has been up like a rocket, and no wonder the president of the United States wants to talk about it, and you'll also notice, Johnny B. [host John Berman], when the stock market is up, perhaps Democrats don't want to talk about it nearly as much.


MORE FROM ENTEN: Leftist Outlet's Data Guru Has Bad News for Dems: Trump's Approval Rating Among Base Remains Sky High

Democrats Face Five-Alarm Fire As Polls Reveal Historic Favorability Lows


He had more, noting the 52 percent of people who have money in the market — including 41 percent of Democrats — think it’s a good time to invest.

Some will undoubtedly say, "Who cares about the markets? It doesn’t help me that they’re doing well; it’s just a bunch of Wall Street dudes raking it in." The reality is, however, that the indexes have effects throughout the economy, and many regular people who aren’t hedge fund managers have 401(k)s, pensions, and mutual funds. They certainly wouldn’t be feeling too good if the market were headed down.

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As this investment columnist notes, it can serve as a reflection of the nation’s mood:

The stock market also influences consumer and business confidence. When stock prices are high, consumers and businesses are more likely to feel positive about the economy and their financial prospects, leading to increased spending and investment. Conversely, when stock prices decline, confidence levels may fall, and spending may decrease as consumers and businesses become uncertain about the economy's future.

All this good news from Harry Enten must be driving the CNN brass slowly insane.

Editor’s Note: Thanks to President Trump’s leadership and bold policies, America’s economy is back on track.

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