Here is link to an interesting graph from Yahoo – contrasting S&P 500 Performance by under Presidents from the late sixties (Nixon’s first term) to the present. Those of us who have 401Ks or other capital with investments in the stock market should find this especially relevant.
We spend far too much time arguing about opinions here (who’s a racist/who’s a socialist/what did Mueller find). This is a nice change – just the facts.
Looking at a 52 year trend there is a striking difference: Average S&P gain during Democratic administrations was 36%, slightly more than the average Republican gain of 17.7%, although the single best performance was in Reagan’s second term.
Interestingly, given the lengthy thread on whether Obama was the worst President ever, the gains in Obama’s two terms were 34.2% and 41.1% respectively. Trump’s gain (and this was prior to Friday’s 600 point drop) was 27.6%.
So the data show that Trump’s performance lags well behind Obama’s.
As an investor, I view every stock purchase as a bet on the caliber of the company’s management team: will they create value or not. If one were investing by political party, the data make a fairly strong argument that Democrats outperform Republicans.