Well, howdy there, Internet people it spell again.

So today, we're going to talk about what about the Dow?

Let me just start by saying, if you normally skip over the economic videos, watch this one.

In one of the most bizarre exchanges I've ever seen on Capitol Hill,

a Trump administration official began touting the stock market's success. She pointed out that

the Dow had crossed 50,000, which is a psychological barrier number, meaning it's hard to get over.

But hey, why shouldn't the Trump administration bask in the glory of the stock market? People's 401ks are doing well. The obvious

reason is that this wasn't a hearing on the economy, which is where this might be okay. This was a hearing on the Epstein files. That makes it a

questionable time to bring this up, to say the least. But that's not actually the most

important reason. Okay, so the Dow crossed over a milestone and stock valuations are through the roof.

During Trump's first year from January 24, 2025 to January 23, 2026, the Dow went up 10.5%.

That's average. That's not actually booming. But cool. Why is it going up, though? What exactly is making the market go up? Was it the job growth last year? It was absolutely dismal. If you exclude the global pandemic, it's the worst year for job growth since the Great Recession. Well, then surely

consumer confidence must be at an all-time high, signaling growth in the future, right?

It's the worst since 2014. It's worse now than during the pandemic. The expectations index must be doing great at least. Nope. It's been

signaling recession since Trump took office. Retail sales. Growth didn't even beat inflation. When you

adjust for inflation, they've fallen. The big companies must have huge hiring plans then.

Nope. They're in layoff mode.

At least the deficit is shrinking.

Nope. It's growing.

There's only one thing left.

Obviously, the GDP is soaring, leaving the market wiggle room.

The Buffett indicator is over 220%.

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