December 27, 2019
President Donald Trump’s stock market stacks up well against the majority of his presidential predecessors.
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 to 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.
This article was posted: Friday, December 27, 2019 at 8:10 am