Reply To: Market hits record high under Trump Administration

The market has historically reacted positively to the election of Republicans as President and/or controlling Congress. The markets have generally gone up in response to those elections due to expectations of Republican economic and market policies. This is not the case with the election of Democrats. This point can be seen by simply looking at historical market directions following elections.

That all said, it is true that Congress has more power over the economy, and thus deserves more credit or blame for resultant economic conditions, than the President.