Overall, volatility was a bit less under Trump than under Obama. Though stocks stumbled in the fourth quarter of 2018, they recovered quickly. stocks climbed steadily through most of Trump’s first two years. 9, 2007, and nearly doubled that to 51% on March 9, 2009, when the market bottomed. Four thousand advisors in the TD Ameritrade platform allocated an average of 26% cash and bonds at the market high on Oct. To illustrate, at the time, advisors as a whole believed just the opposite. When I point out that stocks soared under Obama, many people respond that stocks “had to” increase as he took over after a market plunge. Both presidents bested the long-run historical return, but Trump made up half the shortfall from year two and has momentum going into year four. stocks soared 78.6% in the first three years of the Obama administration for a 21.3% annualized return. Three years into Trump’s term, let’s revisit how stocks have fared amid Trump’s attempts to fulfill two campaign promises: “Make America great again” and “America first” in my third installment of comparing market performances.īy comparison, however, U.S. One way of interpreting the stock market is as an election of sorts, as millions of investors vote on their beliefs for future cash flows of publicly-held companies. (For the record, I am a registered Republican.) Of course, no single person, even the most powerful person on the planet, is responsible for the economy or the stock market.
But this is a data piece rather than a political opinion essay.
I have no doubt this article will garner some strong disagreements - perhaps accompanied by colorful language - given our current political environment. Trump begins the fourth year of his presidency, it’s appropriate to ask: How has the stock market performed under his leadership as opposed to his predecessor, President Barack Obama?
0 kommentar(er)
