Its important to note 2 key things.
#1-When Obama took over, the market was already tanked.
It had NOWHERE to go but up.
Where as for Trump, he inherited a market that had revalued itself.
#2- Obama had all but 1 or 2 quarters of Fed 0% interest rates. And the 1 or 2 quarters were only 0.25%.
The feds purposely raised the interest rate to slow the economy under Trump.
The reality is that the underlying trends are usually driven by when they are ELECTED.
Between Election Day of 2008 and November 1st of 2011, the S&P 500 Index was up around 21%.
Between Election Day of 2016 and November 1st of 2019 (last Friday), the S&P 500 Index was up about 43%.
Including the growth in the U.S. stock market between Election Day 2016 and Inauguration Day 2017 as part of Obama's legacy is a joke. Obama's most enduring legacy was that he was succeeded by Donald Trump (of all people).
Fortune the business magazine for Globalists...
I have owned the Vanguard S&P 500 Index Fund for over twenty years. Using real numbers and investing all returns, my portfolio increased 21.05% per annum during the Obama time period and 13.73% per annum under Trump. However, investment markets have an emotional aspect that often reflects future expectations. Therefore, when I run the numbers for Obama and Trump from Election Day (as opposed to Inauguration Day), Trump beat Obama 15.96% vs. 12.93%. Indeed, between Election Day 2008 and Inauguration Day 2009, the markets plummeted so that when Obama took over there was nowhere to go but up. In contrast, between Election Day 2016 and Inauguration Day 2017, the markets exploded up.
What a stack of steaming horseshit.
A good chunk of barky’s gain was digging out of the hole that was the recession.
I get 42% for the whole barky administration and 51% for the Trump Administration.
Let’s play fun with numbers and see what we can make of them.
The whole exercise has less to do with either president, and more to do with conditions and factors neither one is or was in control of.
Obama had the advantage of entering office when the markets had little to do but go up, naturally, having shed a ton of over valued conditions in the economic downturn of 2008.
Trump and other world leaders are saddled with the results of recoveries built on too much central bank stimulus, which for the last three years has used up its effectiveness and the markets, globally, drunk on that opium, are now slowing.
lol - of course, because Zero got into office as it tanked - 2008.