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Posted on 12/26/2019 8:08:45 PM PST by NoLibZone
S&P 500 has surged 50%, while average is only 23%
Got money in a mutual fund? Have a bit of a stock portfolio? Those shares your aunt left you? Even a retirement or pension plan?
You gotta like President Donald Trump.
A report from CNBC explains that the stock markets under Trump stack up "well" against the majority of his predecessors.
"The S&P 500 has returned more than 50% since Trump was elected, more than double the 23% average market return of presidents three years into their term, according to data from Bespoke Investment Group dating to 1928," the report said.
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And, further, "The bellwether index gained more than 28% this year, well above the average 12.8% return of year three for past U.S. presidents."
The report said, "Despite the volatility from the U.S.-China trade war, 2019 has been a year of all-time highs for the major stock averages. The S&P 500 crossed 3,200 for the first time ever last week, hitting its seventh round-number milestone of 2019. While business investment slumped due to uncertainty surrounding the world's two largest economies, public market investors remained confident enough to put money into stocks."
(Excerpt) Read more at wnd.com ...
Great. And he’s creating jobs too!!
GREATEST PRESIDENT EVER!
Why the EF do the freaking Socialists think we chose, and fully support TRUMP? Best President EVER!!!! Thank you, sir!
My 401k is doing great. The stock market was predicted to tank if Trump got elected (pundits on Fast Money). It did the opposite and I quit watching that show.
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I think back on his victory and all I see is a miracle.
The man is human, but he has followed the what most high stands for. That all should be free to choose his/her own destiny and what road to take.
We’ll never get tired of winning, Mr
President. We love you!
I just checked my 401(k) statement. I know exactly who I’m voting for again.
Biden has promised to increase long term capital gains tax to ordinary rates. That will take the steam out of the market.
Long terms gains are taxed lower to encourage investment. I will lose interest in the stock market if I must pay ordinary rates on gains.
I don’t have much so I don’t have much to invest.
But I did invest in October 2016.
You can’t see but I am smiling big time!
L8r
20 point returns are not sustainable, but the market is expressing great confidence in a strong economy.
19,827 djia avr day trump inaugurated. Since then, the market is up 44 percent.
Part of the stock market rise — hopefully a really large part — is due to real economic growth caused by Trump policies. The remainder is due to Trump forcing the Fed to reduce interest rates on bonds and savings accounts down to negative levels. It’s the remainder that we have to worry about.
LOL, Trump wants the feds to increase interests rates.
The socialist democrat party promises the economy of obama and worse.
I like him for so many reasons. And I pray for his safety.
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