The Dow Industrial Average gained a staggering 9,000 points following the unexpected White House announcement Trump has resigned the presidency. Stocks recovered nearly all their recent losses since setting their all-time high of 29,551.42 on February 12, 2020.
In a tweet, Trump indicated he made the move because he felt it to be in the best interests of the country:
I hereby resign the Office of President of the United States. For the good of the country, the office will now be in the capable hands of President Mike Pence and his awesome pardoning powers.
This is indeed an ironic turn following Trump’s often repeated prediction the markets would “crash” if he were ever to be removed from office.
It was only six months ago Trump boasted in a tweet, “Do you think it was luck that got us to the best Stock Market and Economy in our history. It wasn’t.”
My, oh my, how things can turn on a dime!
The soon-to-be-president Pence has yet to comment on the dramatic turn of events. It appears the announcement caught him, as it did all Americans, by surprise.
“I had no forewarning … really, I mean it,” said Pence.
Speculation is already rampant of what a Pence presidency, and Kushner vice presidency, will look like.
Photo | slopes.com/AP-Evan Vucci