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 ...
You are not being truthful
You posted article after article during the election bashing Trump
And you’re still doing it
Just because you mind your tongue on personal comments doesn’t mean we can’t tell your intent
RE: You are not being truthful
You posted article after article during the election bashing Trump
And you’re still doing it
_______________________________
READ THESE ARTICLES I POSTED AND TELL ME WHETHER THEY SUPPORT OR BASH TRUMP:
https://www.freerepublic.com/focus/f-news/3790687/posts
and this
https://www.freerepublic.com/focus/f-news/3790398/posts
and this
https://www.freerepublic.com/focus/f-news/3790121/posts
and this
https://www.freerepublic.com/focus/f-news/3789836/posts
and this
https://www.freerepublic.com/focus/f-news/3789824/posts
and this
https://www.freerepublic.com/focus/f-news/3789685/posts
and this
https://www.freerepublic.com/focus/f-news/3788678/posts
and this
https://www.freerepublic.com/focus/f-bloggers/3788565/posts
Just look at those and tell me if those articles I posted support Trump or not.
Your problem is this — you only see what you want to see.
RE: Just because you mind your tongue on personal comments doesn’t mean we can’t tell your intent
Nope, you can’t see my intent. Let me tell you my intent:
1) I supported Ted Cruz in the primaries but voted for Trump in 2016.
2) I was reluctant to support trump but he has surprised me pleasantly in many ways. So on abortion, the building of the Wall, tax cuts, conservative judges, I support him whole heartedly.
3) Supporting Trump does not necessarily mean that I agree with everything he does.
4) Supporting trump does not mean that I should not be posting articles that are critical of him. Such articles are not banned in FR. If you disagree with these articles, feel free to refute them. I post them in order to read refutations. Unfortunately, I did not see your refutations in this particular thread.
You can read mine in post #97 above.
Your intent-reading is off. I suggest you NOT try to read a poster’s intent and simply focus on the content of the article.
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