The Stock Market Has Increased at Twice the Pace Under Trump vs. Other Presidents

The Stock Market Has Increased at Twice the Pace Under Trump vs. Other Presidents

The stock market is closing out the year with a Santa Claus rally. The S&P 500 index is up 28.9% year-to-date (as of writing), and the NASDAQ is on track to close today at a tenth consecutive high.

While no shortage of left-leaning pundits and economists predicted doom in the event of a Trump presidency, the S&P’s performance under Trump is more than doubling the average of past presidents.

As CNBC reported:

The S&P 500 has returned more than 50% since Trump was elected, more than double the 23% average market return of presidents three years into their term, according data from Bespoke Investment Group dating to 1928.

The bellwether index gained more than 28% this year, well above the average 12.8% return of year three for past U.S. presidents. “Year three has been by far the best year of the cycle with an average gain of 12.81%, and the playbook has stuck to the script in year three of the current cycle,” the firm said in a note to clients last month.

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Those are the statistics for the S&P 500 index, which has been outperformed by the tech-heavy NASDAQ index that is up over 80% since election day. The large-cap heavy Dow Jones Industrial Average has largely performed in tandem with the S&P.

As for the doubters, here’s just a sampling of the headlines showcasing what liberals thought would happen when Trump won:

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Nailed it.

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