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FORTUNE: The S&P 500 Is at an All Time High—But Markets Still Performed Far Better Under Obama
Fortune ^ | 11/04/2019 | Erik Sherman

Posted on 11/04/2019 8:32:14 AM PST by SeekAndFind

Before the Fed lowered its target interest rate range on Wednesday, Donald Trump was already on Twitter, touching on two of his favorite topics: how the Fed doesn't lower interest rates enough and that the stock market's performance is thanks to him and his Republican pals.

The connection between a president and equity markets isn't straightforward. Many factors—the general health of the economy, investors sentiment, interest rates, financial stimulus, and global business conditions, for example—affect how stocks perform. But presidents also aren't unimportant.

"Policies may or may not be helpful for economic growth," says Kenneth Orr, CEO of investment research firm and value investment fund manager KORR Acquisitions Group. "Policies are led by the President and his Administration, but Congress must pass laws and budgets to affect those policies."

And so, as Fortune did in early June, we decided to take a look at how the markets performed during the Administrations of Barack Obama and Trump. We downloaded historical information on the Dow, S&P 500, Nasdaq, and Russell 2000 indexes from Yahoo Finance. Then we compared the same periods for both presidents: from inauguration on January 20 to Oct. 31 in their third year of office.

Because the market had already run up a long way before Trump was elected, the absolute numbers would be misleading. Instead, Fortune compared the performance under each president to his initial inauguration day to get an accurate comparison of growth under each.

Below are graphs and analysis for each of the sectors. For those who want the quick answer, market growth was considerably stronger under Obama, but there is an important caveat. The financial crash that occurred immediately before Obama took office left markets reeling, so there was a lot of room for them to move. Also, the massive financial stimulus enabled by Congress

(Excerpt) Read more at fortune.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: dowjones; sp500; stockmarket
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1 posted on 11/04/2019 8:32:14 AM PST by SeekAndFind
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To: SeekAndFind

2 posted on 11/04/2019 8:32:32 AM PST by SeekAndFind (look at Michigan, it will)
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To: SeekAndFind

3 posted on 11/04/2019 8:32:54 AM PST by SeekAndFind (look at Michigan, it will)
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To: SeekAndFind

4 posted on 11/04/2019 8:33:14 AM PST by SeekAndFind (look at Michigan, it will)
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To: SeekAndFind

5 posted on 11/04/2019 8:33:41 AM PST by SeekAndFind (look at Michigan, it will)
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To: SeekAndFind

Erik misses Helicopter Ben.


6 posted on 11/04/2019 8:34:44 AM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: SeekAndFind

The gigantic spike at the end of Obama’s term had absolutely nothing to do with Obama. That was all Trump and to pretend otherwise is a out and out lie


7 posted on 11/04/2019 8:36:08 AM PST by wiseprince
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To: SeekAndFind

More garbage #FakeNews from garbage Media boy Erik Sherman.


8 posted on 11/04/2019 8:36:25 AM PST by kiryandil (The Media & the DNC tells you who you're gonna vote for. We CHOSE Trump.)
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To: SeekAndFind

How to Lie with Statistics 101.


9 posted on 11/04/2019 8:36:44 AM PST by dfwgator (Endut! Hoch Hech!)
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To: SeekAndFind

“to his initial inauguration day”

This throws the big Trump election rally into the Obama camp.


10 posted on 11/04/2019 8:36:54 AM PST by TexasGator (Z1z)
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To: SeekAndFind

Yes amazing, when the Fed manipulates the Market with Quantitative easing, how you can manufacture imaginary on paper wealth for the richest one 1% but screw everyone else

I will take real middle class economic growth over market manipulation for political reasons to feed billionaires

https://www.atr.org/thanks-trump-median-household-income-highest-level-ever

Thanks to Trump, Median Household Income at Highest Level Ever


11 posted on 11/04/2019 8:36:58 AM PST by MNJohnnie (They would have to abandon leftism to achieve sanity. Freeper Olog-hai)
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To: SeekAndFind

What happens when you remove the artificial gains due to QE 1 and 2?


12 posted on 11/04/2019 8:37:16 AM PST by The Chid
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To: wiseprince
The gigantic spike at the end of Obama’s term had absolutely nothing to do with Obama. That was all Trump and to pretend otherwise is a out and out lie

The usual garbage "news" and lies from the Garbage Media.

13 posted on 11/04/2019 8:37:43 AM PST by kiryandil (The Media & the DNC tells you who you're gonna vote for. We CHOSE Trump.)
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To: SeekAndFind

I saw this the other day. I know that all investors, all people really, look back to those golden days of the Obama administration and economy. Everyone who wanted a job, had a job. Everyone got free medical coverage under ObamaCare—our nation was respected/feared around the world. It was a Golden Age to tell our grandkids about. (Do I really need to add a sarcasm note?)


14 posted on 11/04/2019 8:38:27 AM PST by hanamizu
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To: SeekAndFind

I imagine Wharton would prefer the steady climb as per the trump model over the wacky and falsely propped up corruption-fueled Obama model which tanks at the end as he gives up his concern


15 posted on 11/04/2019 8:39:07 AM PST by stanne
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To: SeekAndFind

Obammy was lazy, watched basketball all day... he didn’t go sh*t for the economy except destroy it.


16 posted on 11/04/2019 8:39:43 AM PST by sheehan (DEPORT ALL ILLEGALS.)
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To: All

BS statistic. Percentage increase. S&P was on the floor when Onongo took office in 08 so of course he could get a better percentage increase. Just a rubbish analysis from a hack who actually knows better.


17 posted on 11/04/2019 8:39:44 AM PST by gibsonguy
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To: SeekAndFind

Completely ridiculous. Scale is essential for accurate visualization of a graph. Obama is 8 years, Trump is 3 or less.

Did Michael Mann do this graph?


18 posted on 11/04/2019 8:39:57 AM PST by Gahanna Bob
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To: SeekAndFind

For Obama, they should not start with his inauguration day. Instead, they should start counting at the point before where he and his pushed the stimulus disaster upon us. That was the point where things started downhill because of him.


19 posted on 11/04/2019 8:40:01 AM PST by Ingtar (Bedbugs, thy name is Democrat.)
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To: SeekAndFind

What misleading graphs. Obama started at the lows due to a recession in 2008 and 2009. There was no where to go but up.
Better to compare the Bushes, Reagan, Carter etc.

Obama does not deserve any credit at all.


20 posted on 11/04/2019 8:40:54 AM PST by orinoco (Orinoco)
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