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 factorsthe general health of the economy, investors sentiment, interest rates, financial stimulus, and global business conditions, for exampleaffect 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 ...
What happens when you dont cut rates like were doing now? What happens when the FED doesnt pump $200 billion into the economy like they did last month-even though they arent calling it QE?
The markets are manipulated-period. I would love to see a graph of the markets if the rates were left alone, there was no intervention of the PPT on numerous occasions and there was QT. I doubt the markets would be making new highs-and if anyone thinks they would-well-they dont invest ACTIVELY on a daily basis.
Yeah, if you look at the journohack Erik Sherman's Twitter feed, he's Resistance all the way.
Which means this article is DNC cowplop.
Fortune is now and always has been a left wing rag. It is now but one more home for propaganda spewing presstitutes
Why do you post such nonsense?
You are bright enough to know that obama came in when the market had utterly CRASHED?!?!?!
Stop being a pu##y and just say you don’t like Trump instead of putting thread after thread and then scurrying away like a ####ing faggot.
At least you’d gain some self respect.
All I know is our 401s and 403s
LOOKED NOTHING LIKE THOSE CHARTS...NOTHING LIKE THEM.
Since January 2017 we are HAPPY CAMPERS
I could not care LESS ABOUT THOSE STUPID CHARTS
How the mighty have fallen.
RE: Stop being a pu##y and just say you dont like Trump instead of putting thread after thread and then scurrying away like a ####ing faggot.
I hasten to remind you that there are rules in this forum against using foul languages. Posting information from FORTUNE does not mean that I agree with them. You are well within your rights to refute them if you wish.
I do not want to continue a mutual insulting match but there are civility rules here.
I am copying the moderator for his information.
...But Markets Still Performed Far Better Under Obama
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Not for most Americans it didn’t. If what the writer is saying were true, then the Hilda-beast would have beaten Trump as her economic policies were merely extensions of Obama’s economic policies.
charts starting with election night for trump?
The blathering reveals something important. The market went up just before Trump’s inauguration (it was in anticipation of Trump, so Trump needs to get the credit!).
It went down before bammy’s immaculation (it was out of knowledge of what bammy would do to this country, so bammy needs to get the blame!).
It all Lies, Damned Lies and Statistics. (To quote SLC)
Figures never lie, but liars always figure.
Trump, and most REAL economists, know that the stock market performance is not totally indicative of the health of the economy. Proof of that is the Obama economy, which performed very poorly while the stock market was doing well.
Now we have an economy which is performing fantastically, while the stock market is also doing well. I’d say that the vast majority of people in the country would prefer the Trump economy over Obama’s.
If not for the waiting that investors are doing regarding the trade deal with China, the stock market would easily have topped the 30,000 mark by now, and perhaps would be approaching 35,000. Once the deal is made (if ever), the stock market will soar, and it would have gains much larger than during Obama, and not just in the pure number, but in percentage gains.
Obama was busy prancing around the WH with his selfie stick. He didnt know a thing about business.
Everyone I know is turning down work, including me.
1) The market rallied 30% after Trump was elected through inauguration. That should be counted towards Trump's performance
2) Obama was starting from the lowest levels of the last two decades. Trump was starting near the top of the highest levels ever.
RE: Sounds like you buy this horsehockey, hook line & sinker.
Really? You must have the gift of mind reading.
Amy V is an evil little leftist propagandist of the worst kind. A long history of subversive leftist efforts.
Air temperatures were higher when Obama was president, but it was cooler. Do these people even believe their own lies?
“Did Michael Mann do this graph?” LOL!!!
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