Fox’s Maria Bartiromo Credits Private Citizen Trump for Stock Market Rally: ‘So Many People Get It’

Maria Bartiromo claimed the recent surge of the Dow Jones Industrial Average is thanks to former President Donald Trump.

Appearing on Jesse Watters Primetime live from the Republican National Convention on Wednesday night, Bartiromo, who hosts shows on Fox News and Fox Business, said Trump deserves credit for the sharp rise in equities over the last several days.

“The momentum is so strong right now,” she said. “So many people get it. Investors – look at the market, Jesse. The other day, Dow Industrial up 740 points. Today, another 200 plus points. Investors are betting that Donald Trump returns to the White House and implements those economic policies that get a growth trajectory back in place for this economy.”

Since President Joe Biden took office in January 2021, the Dow has risen 30%. While many investors would welcome Trump’s return to the White House, analysts say the recent surge in stock prices is thanks to looming anticipated rate cuts by the Federal Reserve as inflation has cooled. Slashing rates is generally bullish for stock prices.

“Traders are now 100% certain the Federal Reserve will cut interest rates by September,” CNBC reported on Tuesday. “There are now 93.3% odds that the Fed’s target range for the federal funds rate, its key rate, will be lowered by a quarter percentage point to 5% to 5.25% in September from the current 5.25% to 5.50%, according to the CME FedWatch tool.”

The Federal Reserve has kept rates above 5% in the wake of multiple rounds of government stimulus during and after the Covid pandemic in 2020.

Watch above via Fox News.