economy under Trump performed about the same as it had during the last three years under President Obama. So, while it’s fair to have celebrated the impressive stock market performance under Trump, you shouldn’t fear any sort of lingering market correction under Biden-or at least not one that has to do with a Democrat being back in office.As the campaign enters the home stretch, President Trump’s main closing argument is that he deserves four more years because he oversaw “the greatest economy in the history of our country.”īut even looking at the three years before COVID-19 made a mess of things, the U.S. Though Wall Street historically prefers a Democrat in office, there have been many a bull market on the watches of Republican presidents. Stock market rallies can last for generations, cross aisles, and survive times of terrible political turmoil like we have now. That could mean a post-recession bump for Joe Biden similar to the one he and President Obama enjoyed 12 years ago.Īnd that’s really the point. But the coronavirus would have been bad news for any president, at least for a time.īiden is certainly benefitting from what will hopefully be considered a post-Covid world over the next three years-or at least most of the next three years. One can debate how his handling of Covid-19 impacted the economy and by extension the stock market (I’m not touching that one). On the flip side, President Trump had the bad fortune of being in office when the worst global pandemic in more than a century forced Americans to stay home almost an entire year and the economy to plunge. Obama benefited from the bounce-back-though, you could argue that he was largely responsible for facilitating it. It’s important to note that Obama took office just as stocks were hitting multi-year lows on the heels of the worst recession since the aforementioned Great Depression. Of course, context matters when it comes to U.S. That would place him fourth on this post-World War II list, just ahead of Ronald Reagan. That works out to about a 1.3% per-month return, or a 126% return if he had won re-election and served two terms. The S&P 500 was up 63% during Trump’s tenure. How did Donald Trump fare in his four years in office? Pretty well, especially considering what happened in 2020. Get My Report Trump’s Stock Market Performance
#JSTOCK MARKET UNDER OBAMA FOXNEWS FREE#
We'll show you how.ĭownload it today, FREE when you sign up for our complimentary Cabot Wealth Daily advisory! This free report aims to give you the confidence - and the right know-how - to dive right into the stock market. And unless you majored in finance or are a stock broker yourself, you may not feel confident enough to start investing on your own. The current stock market is creating huge opportunities to invest - even during a pandemic. Truman, who saw the S&P rise 87% during his eight-year term (1945-1953). Rounding out the top five is Democrat Harry S. Next up are a pair of Republican presidents: stocks rose 129% under Dwight Eisenhower (1953-1961) and 117% under Ronald Reagan (1981-1989). president? That would be Barack Obama’s eight-year tenure, when the S&P was up 189% from 2009-2017. The best stock market performance by a president in the post-World War II era came under Bill Clinton the S&P 500 was up a whopping 210% in his two-term presidency, from 1993-2001.
In fact, it’s not close.Īccording to Liberum, a U.K.-based investment bank, since 1947 the average annual return under Democratic presidents is 10.8%, versus a mere 5.6% return under Republican presidents. Contrary to popular belief, stock market performance is better under Democratic presidents than Republican ones.
Some investors dreaded what a Joe Biden win would mean for the stock market, but those worries were unfounded as the S&P has returned 14% since his inauguration last January, despite the sharp inflation/Russian invasion-related retreat through the first two months of this year.
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