MSNBC's Stephanie Ruhle Attributes Market Confidence to Trump Cutting Regulations

August 2, 2017

MSNBC host Stephanie Ruhle on Wednesday attributed strong markets to President Donald Trump's campaign promise of cutting regulations, which she said held up profitability during the Obama administration.

"The markets are very very strong, " Ruhle said. "Why is that? Now across the board, we have low volatility. We have strong earnings. The market has been chugging along."

Ruhle went on to question whether the Dow Jones Industrial Average's success can be attributed to Trump himself, saying there is a disconnect between the two.

"But on the positive, what we do have now is a market that corporate America is not facing the onslaught of regulation that they were in the Obama administration," Ruhle said. " When you look at a company like Apple sitting on billions in cash, so many companies were sitting with billions of dollars on their balance sheet because they feared the uncertainty of what regulations should come."

Ruhle said that Trump may never get to his economic agenda, but she believes that the market is confident because there will be no massive regulations coming like during the Obama administration.

She concluded by saying that markets are paying less attention to Trump and global issues, like the French elections and Britain's exit from the European Union.

"The markets are focusing on the markets," Ruhle concluded.