05-15-2024, 01:30 AM
(05-14-2024, 11:24 PM)Mike M (the other one) Wrote: The closing price has consistently gone up but that's not what you base the market on, you base it on % points gained/lost.
Biden still has a way to go in that dept. Seriously, you guys get pissed at misinformation, yet here you are spreading it.
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart
Oh no, i'm not making it up.
Biden's strong stock market still trails Trump's
https://www.axios.com/2024/01/01/biden-trump-stock-market-performance
Stocks have soared under President Biden, although not by quite as much as they had at the same point in former President Trump's term.
Why it matters: Voters often feel like stock market performance is a gauge of America's economic health, and of presidential policy, even if most economists would disagree.
By the numbers: The S&P 500 climbed 25.9% between Biden's inauguration and Friday's market close, which is the last day of trading in 2023.
It rose 42.3% during the similar period for Trump, which was shortly before the COVID-19 pandemic sent stocks into a temporary tailspin. Former President Obama topped them both, with an S&P 500 gain of 48.6% during the relevant period.
The Dow Jones Industrial Average has climbed 21.9% under Biden, whereas it grew 44.6% for Trump. The Nasdaq composite index is up 13.8% under Biden and was up 62% for Trump.
The bottom line: There's still a lot of trading days left before next November.
https://www.investopedia.com/terms/p/presidentialelectioncycle.asp
Donald Trump’s presidency was a notable exception to the first-year stock slump that the theory predicts. The Republican actively pursued an individual and business income tax break that was passed in late 2017, fueling a rally that saw the S&P 500 rise 19.4%. His second year in office saw the index take a 6.2% dive. But once again, the third year marked an especially strong time for equities, as the S&P surged 28.9%.
TBH, either you don't know much about the SM or you just can't admit it when Trump does something good. But i think you need to learn to deal with reality... and stop believing everything you hear from the left biased media's.
Why didn’t you choose the most recent quarter numbers, which now shows, by percentage, the Biden S&P out performing Trumps at the same time for their Presidencies?
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