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.
comparing a bounce off the bottom following a crash, and piling on 50% to a top is apples and oranges
Exactly.. I’ve made a better return in my SP500 Index fund in 3 years under Trump than 8 under Obama, total CRAP.
Nope. From the article: "...we compared the same periods for both presidents: from inauguration on January 20 to Oct. 31 in their third year of office.
At first I thought you were right, but then I noticed that the timelines only go through Day 700.
What's odd is that Oct. 31, 2019 (Trump's third year in office) is Day 1,014, about a full year after the Day 700 shown. 700 days is not even two full years in office. Something doesn't add up for these charts - they are missing 314 days of Year 3.
Given that Fortune states investors sentiment is one of the factors on how stocks perform, a more accurate starting point would be the day after the election.
Under this scenario, the market under President Trump outperformed the market under President Obama. This is because the market decreased significantly between Obama’s election and his inauguration; whereas the market increased after Trump was elected up to his inauguration, as follows.
Obama between 4 Nov 2008 and 20 Jan 2009:
Dow - 17.41%; NASDAQ -19.05%; S & P - 19.96%
Trump between 1 Nov 2016 and 20 Jan 2017
Dow + 9.92%; NASDAQ + 7.80%; S & P + 7.56%
Obama between 4 Nov 2008 and 31 Oct 2011
Dow + 24.20%; NASDAQ + 50.81%; S & P + 24.58%
Trump between 1 Nov 2016 and 31 Oct 2019
Dow + 52.10%; NASDAQ + 62.73%; S & P + 45.23%