Which president has had the best stock market results?
Obama: +82%. Trump: +30%. Across the board, Barack Obama has had better stock market results in his first two years as President than Donald Trump.
Was Obama better at the stock market than Trump?
Across the board, Barack Obama has had better stock market results in his first two years as President than Donald Trump. The starkest differences are in large-cap stocks and growth stocks, as the returns in the S&P 500 and the Nasdaq in Obama’s first two years were more than double the run-up in those indexes in Trump’s first two years.
What happened to the stock market during Obama's presidency?
Despite its inauspicious economic beginnings, the Obama administration has overseen an impressive upswing in the stock market. As of the end of Obama's term on January 20, 2017, the Dow Jones had more than recovered from its January 2009 slump, resting nicely at 19,732.40 for the day, more than double what it was on inauguration day.
How did the market perform during President Obama’s entire term?
You can see impressive gains above from when President Obama left office in January 2017 to the end of Trump’s four years in office. An Investment in the Nasdaq resulted in the best return of well over 142%. Let’s now take a look at how the market performed over President Obama’s entire term in office.
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What President crashed the stock market?
The 1920s were a period of optimism and prosperity – for some Americans. When Herbert Hoover became President in 1929, the stock market was climbing to unprecedented levels, and some investors were taking advantage of low interest rates to buy stocks on credit, pushing prices even higher.
What stock does Obama have?
Accordingly, some of the top stocks to consider in the portfolio of Obama include Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and Apple Inc. (NASDAQ:AAPL), among others discussed in detail below. The fund has returned 16.60% over the past ten years.
How much did the market drop 2008?
On October 24, 2008, many of the world's stock exchanges experienced the worst declines in their history, with drops of around 10% in most indices. In the U.S., the DJIA fell 3.6%, although not as much as other markets.
When did the stock market peak in 2008?
Index levelsDateDow JonesNotesOctober 9, 200714,164.53The day the DJIA and S&P 500 peaked.October 31, 200713,930.01The day the NASDAQ peaked.January 2, 200813,043.96June 27, 200811,346.51The day the bear market declared.6 more rows
What was the stock market on January 19 2017?
Those gains are gone. On January 19, 2017, the day before Trump took office, the Dow Jones Industrial Average closed at 19,804.72.
What was the stock market at in 2008?
Dow Jones - 10 Year Daily ChartDow Jones Industrial Average - Historical Annual DataYearAverage Closing PriceAnnual % Change200811,244.06-33.84%200713,178.266.43%200611,409.7816.29%67 more rows
How long did it take the stock market to recover from 2008?
The S&P 500 dropped nearly 50% and took seven years to recover. 2008: In response to the housing bubble and subprime mortgage crisis, the S&P 500 lost nearly half its value and took two years to recover. 2020: As COVID-19 spread globally in February 2020, the market fell by over 30% in a little over a month.
Who made money in 2008 crash?
1. Warren Buffett. In October 2008, Warren Buffett published an article in the New York TimesOp-Ed section declaring he was buying American stocks during the equity downfall brought on by the credit crisis.
What triggered the 2008 financial crisis?
Financial stresses peaked following the failure of the US financial firm Lehman Brothers in September 2008. Together with the failure or near failure of a range of other financial firms around that time, this triggered a panic in financial markets globally.
How much did the stock market drop in 2008 and 2009?
Much of the decline in the United States occurred in the brief period around the climax of the crisis in the fall of 2008. From its local peak of 1,300.68 on August 28, 2008, the S&P 500 fell 48 percent in a little over six months to its low on March 9, 2009.
How long did 2008 bear market last?
It lasted only 33 days. A bear market that occurred during the 2008 financial crisis was a year and half. The bear market during the 2000 dot-com bubble burst went two and a half years. Frank says the average bear market lasts about 9 months, but it takes much longer to recover what was lost.
What investments did well in 2008?
The best performing assets were hedge funds, US treasuries and gold. The worst performing assets were stocks, junk bonds and listed property investments.
How many points did the stock market drop in 2008?
777.68 pointsOn September 29, 2008, after Congress failed to pass a $700 billion bank bailout plan, the Dow Jones Industrial Average falls 777.68 points—at the time, the largest single-day point loss in its history.
How much did the stock market drop in 2008 and 2009?
Much of the decline in the United States occurred in the brief period around the climax of the crisis in the fall of 2008. From its local peak of 1,300.68 on August 28, 2008, the S&P 500 fell 48 percent in a little over six months to its low on March 9, 2009.
How much did the Nasdaq drop in 2008?
The Nasdaq's current selloff is still far from the losses during the 2008 financial crisis and the dot-com bubble burst in the early 2000s. In those two bear markets, the Nasdaq Composite plunged a whopping 56% and 78% from peak to trough, respectively, before it started recovering again.
Was there a stock market crash in 2008?
The stock market and housing crash of 2008 had its origins in the unprecedented growth of the subprime mortgage market beginning in 1999. U.S. government-sponsored mortgage lenders Fannie Mae and Freddie Mac made home loans accessible to borrowers who had low credit scores and a higher risk of defaulting on loans.
How many closes did the Dow 30 have during Obama's presidency?
Investors will probably be surprised that during Obama’s Presidency the Dow 30 Industrials had more record closes than Trump has had, 118 vs. 117. While it is true that Trump has only been in office for three years vs. Obama’s eight, as you can see in the graph below Obama’s market had to recover from the Great Recession and its impact on stock prices.
When did the Great Recession start?
Stock market under Obama. The Great Recession officially started in December 2007, about a year before Obama became President and two months after the Dow 30 Industrials hit an all-time high of 14,165. The Dow then fell over 50% to 6,547 in March 2009, which was three months before the recession officially ended in June.
How long did it take for the Dow to regain its previous high?
It then started a string of 50 new highs in 2013 and 38 in 2014. The Dow reached new highs the remaining two years while he was in office and another one in his last month.
When did earnings move higher?
After the stock markets recovered from the downturn created by the Great Recession, from 2009 to 2012 earnings moved consistently higher until 2014. This led to 50 and 38 record highs in 2013 and 2014, respectively.
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Opinions expressed by Forbes Contributors are their own.
How much have stocks surged since Obama's inauguration?
Since Obama's first inauguration on Jan. 20, 2009, U.S. equities have surged 12% a year, not counting dividends, in what turned out to be the second-longest bull market in history.
When did investors pay so much for stock?
There have only been three other times in history that investors were willing to pay this much for stock earnings -- in the years leading up to the Great Depression, right before the Internet bubble in the late 1990s, and just before the financial crisis a decade ago.
How to measure investor sentiment?
One is to look at the actual value that investors are placing on their investments -- that is, the amount that investors are willing to pay for each dollar of earnings.
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Many companies featured on Money advertise with us. Opinions are our own, but compensation and
Did Obama make American stocks great again?
Making American Stocks Great Again. While interest rates have been at record lows around the world, the fact remains that U.S. stocks far outperformed other global markets. Under Obama, U.S. stocks more than tripled investors’ money, generating total returns (which include the value of reinvested dividends) of 235%.
What was the best performance of Obama?
The best performance was from the Nasdaq with a stellar 286% return over eight years of the Obama presidency.
When did Obama's first term end?
Note that President Obama’s first term ended on Sunday, January 20, 2013 (a non-trading day). The market close on Friday, January 18, 2013, was used for the January 20, 2013 data.
When Did Obama Leave Office?
President Obama’s presidency ended on January 20, 2017, at 11:59 a.m. Donald Trump became the new president at noon on January 20, 2017. Donald Trump’s first term (and potentially only term) as president is slated to end on January 20, 2021, at 11:59 a.m.
Was Obama's second term as strong as his first?
President Obama’s second term was not as strong as his first term in regard to market returns. However, an investment in any one of the indexes would at the start of Obama’s term would have provided respectable annual returns.
What was the Dow Jones when Obama took office?
President Barack Obama first took office on Jan. 20, 2009. The Dow Jones Industrial Average (DJIA) had been in a bit of a slump since the 2008 economic recession and credit crisis. The DJIA stood at a paltry 7,949.09, which made the lowest inaugural performance since the Dow was created in 1896. The Nasdaq and the S&P also dropped between 5.8 and 5.3 percent, on that day as well.
What is the Dow Jones after four years of Trump presidency?
President Trump has always espoused that market gains have been a glowing endorsement for the continuance of his administration. And while some of his economic policies have seemed dubious at best, there is no denying that the economy was doing well, that is until COVID-19 hit.
How many years did Obama have in office?
Barack Obama faced eight difficult years in office but he accomplished much during his tenure as president. By the time he left office, he had made good on his promise to improve the U.S. economy. The DJIA had risen to 19,732 over the course of his term. That’s roughly a 150 percent increase in eight years.
How much did the Dow close on Trump's election day?
The day Trump took office, the Dow closed at just over 19,827. Financial experts and business people speculated wildly about the effect the former business tycoon might have on the economy from this point on. Many believed that an individual so well-versed in making money would be good for the economy, others were less certain.
When did Trump take office?
The economic prosperity of the United States has been a mainstay topic of conversation ever since President Donald Trump took office in 2016. Four years later, many people are wondering how well President Trump has fulfilled his promise of U.S. economic sovereignty or whether things have remained the same since the Obama administration.
Was Donald Trump's victory over Hillary Clinton a surprise?
Donald Trump’s unexpected victory over Democratic candidate Hillary Clinton was a surprise to many Americans. Trump swore he would do better for the economy, and the American people, than his predecessor.
How much did the S&P 500 gain under Obama?
Under Barack Obama ’s presidency, the S&P 500 gained 166.28%, the NASDAQ gained 262.26% and the Dow Jones gained 138.28%. Annualized, the S&P 500 gained 13.01%, the NASDAQ gained 17.44% and the Dow Jones gained 11.46%
Who was the first black president?
Barack Obama was the US president from 2009 through 2017 and the first black president in US history. He was a professor of law at the University of Chicago, before entering politics. He rose to national prominence during his 2004 DNC convention speech.
How did the GDP of Trump compare to Obama?
During Trump’s tenure, the GDP has seen cumulative gains of 3.37 percent and 0.97 percent on an annualized basis. These figures fade in comparison to the cumulative GDP of 7.03 percent and annualized GDP of 1.99 percent under Obama.
Who holds the record for worst stock market performance?
In contrast to Clinton’s track record, George W. Bush holds the record for worst stock market performance with cumulative losses of 40 percent during his eight-year tenure (2001–2009). However, the performance shouldn't be a surprise. The period was marred by the Great Financial Recession. Therefore, a recession or boom doesn’t just depend on the president’s policies. There are several other factors at play that drive the markets.
What was the real GDP growth rate in 2016?
Even if we exclude the impact of the coronavirus pandemic, the real GDP for 2014–2016 grew by an annualized rate of 2.5 percent. From 2017–2019, the real GDP grew at a rate of 2.6 percent despite Trump’s big policy change on the corporate tax cut.
How much did the S&P 500 gain in 2001?
During his eight-year term, the S&P 500 gained a whopping 210 percent. At that time (1993–2001), inflation fell to less than 3 percent after remaining high. The period also coincided with the birth of mega-giants like Amazon and Google, which also helped the stock markets.
Will Biden increase his tax rate?
Investors, may not want the tax rate cut to go. Biden has suggested an increase in the tax rate to 28 percent. Investors expect a boost in infrastructure spending under Biden, which could also lift the stock markets. Biden and Trump’s energy policy could also impact the stock markets in a significant way.
When did the stock market bottom out?
The stock market bottomed out in March 2009, but then the economy slowly healed, beginning what would eventually become the longest bull market in American history. Digging out of the depths of the Great Recession was a long and slow process, though. Annual GDP growth never topped 3% in the Obama era.
How much did the stock market rise in 1989?
The economy and stock market surged in President George H. W. Bush’s first year in office. The S&P 500 climbed 27% in 1989.
Why did the Fed keep pumping money into the system?
Hoping to juice the economy, the Fed kept pumping easy money into the system. The unprecedented experiment helped send stocks soaring — the S&P 500 nearly tripled during the Obama era — but also contributed to wealth inequality and populism.
How did the S&P 500 decline under Bush?
The S&P 500 declined 40% under Bush, the worst among modern administrations. Bush inherited the dotcom bust, which spawned the 2001 recession. The downturn was deepened by the 9/11 terror attacks. Growth gathered steam in 2004 and 2005, fueled in part by low interest rates and the housing boom.
What was Clinton's GDP?
GDP topped 4% in five of Clinton’s eight years in the White House. Inflation remained stable. Unemployment dipped below 4%. And the United States enjoyed the longest period of uninterrupted economic growth in modern history.
How much is the S&P 500 up since Trump's inauguration?
Now, as he wraps up his last day in the White House, where does Trump’s beloved stock market stand? As of Tuesday’s market close, the S&P 500 was up 67% since his Inauguration Day in 2017.
When did the bull market end?
A trade war with China temporarily sucked some of the air out of the market’s gains in late 2018, but it wasn’t until the coronavirus pandemic hit the United States in early 2020 that the bull market officially came to an end.
Who said the stock market would never recover from Trump's victory?
The morning after Donald Trump was elected President, liberal economist Paul Krugman penned an emotional op-ed in The New York Times claiming that the U.S. stock market would “never” recover from Trump’s surprise victory. Krugman was wrong, of course.
Did Wall Street tune out Trump?
Wall Street tuned out most of the drama surrounding Trump. The impeachment inquiry and the trade war with China seemingly held stocks in check at times, but those events didn’t sent markets spiraling downward the way COVID-19 did, and the tariffs initially put a much bigger dent in Chinese stocks (and other emerging markets) than U.S. stocks.
Was the stock market stronger after Trump was elected?
Those are some strong results under both presidents. But stocks were stronger after Trump was elected – particularly growth stocks, as reflected in the more than doubling of the Nasdaq.
Does Wall Street care about who's president?
And whether Biden’s actions in the first 100 days of his presidency will improve the economy is yet to be declared. But the bottom line is this: Wall Street doesn’t care about who’s president as much as we think it does.
Did Obama beat Trump in the stock market?
Now, if you look at the stock market by president, and broke this down by each president’s first terms, the results change quite a bit; Obama actually beat Trump in all three indexes.
How many times has Trump tweeted about the stock market?
He has tweeted about it at least 128 times during his three plus years in office per trumptwitterarchive.com. On February 19 he tweeted about the stock market hitting a record, which is correct.
How much has the Dow risen since Trump's election?
The Dow has risen 39% since Trump’s election, while under Obama it increased 35% and 65% from the low point in February 2009. Note that in the last 16 minutes of trading on Friday the Dow increased 643 points.
How long has the Dow 30 been wiped out?
Almost exactly two years ago on February 27, 2018, the Dow 30 Industrials closed at 25,410, which means all the Dow gains of the past two years have been wiped out in just over two weeks and the market has incurred the fastest 10% plus decrease in history.
How much has the S&P 500 increased since Trump's inauguration?
For the first three plus years since Trump’s inauguration the S&P 500 has risen 30% while under Obama it increased 70%.
Is Forbes opinion their own?
Opinions expressed by Forbes Contributors are their own.
Can Obama keep the stock market from declining?
The last point is that when the economy is undergoing tremendous disruption, such as when Obama was elected during the Great Recession, no President can keep the stock markets from declining on a short-term basis.
