Working-Class Hero Donald Trump Sure Has Been Good For Wall Street


The election of blue-collar hero Donald Trump is already paying off:

A Dow 20000 milestone would have Goldman Sachs Group Inc. to thank….Shares of the Wall Street firm are up 31% since Election Day, rising to within striking distance of their all-time closing high of $247.92, which was hit in October 2007. That compares with a 8.6% rise in the Dow industrials.

And it’s not just Goldman Sachs. Bank of America has done even better, and the rest of America’s megabanks are doing pretty nicely too. It’s a wonderful time to be on Wall Street.

THE BIG QUESTION...

as we head into 2020 is whether politics and media will be a billionaires’ game, or a playing field where the rest of us have a shot. That's what Mother Jones CEO Monika Bauerlein tackles in her annual December column—"Billionaires Are Not the Answer"—about the state of journalism and our plans for the year ahead.

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THE BIG QUESTION...

as we head into 2020 is whether politics and media will be a billionaires’ game, or a playing field where the rest of us have a shot.

Please read our annual column about the state of journalism and Mother Jones' plans for the year ahead, and help us build an alternative to oligarchy by supporting our people-powered journalism with a year-end gift today.

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