The S&P 500 has returned more than 50% since Trump was elected, more than double the average market return of presidents three years into their term, according to Bespoke Investment Group.
The S&P 500 has returned more than 50% since President Donald Trump was elected, more than double the average market return of presidents three years into their term, according to data from Bespoke Investment Group.In 2020, Trump will have to eek out about a 6% gain in the S&P 500 to beat the average presidential return.President Donald Trump's stock market stacks up well against the majority of his presidential predecessors.
Despite being plagued by a volatile U.S.-China trade war, 2019 has been a year of all-time record highs for the major stock averages. Thecrossed 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 putting money into stocks.
Trump's third year is above average, but not the best of any past president. Just in 2013, former President Barack Obama's stock market returned more than 32%, as the economy bounced back from the Great Recession. Stocks are up in year four more than 66% of the time and the S&P 500 returns an average of 5.7%, according to Bespoke.
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