From Reagan to Trump: Here's how stocks performed under each president
March 23, 2020. Summarized by summa-bot.
President Donald Trump often cites the stock market as a scorecard of his policies. Here’s how the S&P 500 performed under each president from Reagan to Trump.
Not too long ago, on February 19, US stocks were breaking records and President Donald Trump was celebrating.
At that point in Trump’s presidency, the S&P 500 had gained 49% since his inauguration day.
As a result, the stock market gains Trump once loved to tout have evaporated.
As of Monday’s market close, the S&P 500 was down 1% since his inauguration day.
How does that gain stack up to stock performance at the same point in other modern presidencies?
Stocks were up 75% at ths point in Barack Obama’s presidency, about two-and-a-half years into the recovery from the financial crisis.
S&P 500 in the first 798 trading days of each presidency
President Ronald Reagan’s first four years in the White House weren’t particularly lucrative for Wall Street.
But Volcker’s rate hikes and Reagan’s corporate tax cuts eventually broke the back of inflation, setting the stage for rapid economic growth.
Nonetheless, the S&P 500 posted five separate years of double-digit growth on the Gipper’s watch, including a 26% spike in 1985.
The economy and stock market surged in President George H.
W. Bush’s first year in office.
Stocks spiked — the S&P 500 increased 210% under President Bill Clinton — as investors celebrated the rise of the Internet and brisk economic growth.
Clinton presided over two of the S&P 500’s top 10 years: 1995 and 1997.
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.
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.
President Donald Trump’s upset victory initially fueled a breathtaking rally in the stock market.
At that point, the S&P 500 was up 49% since Trump’s inauguration day.
Cumulatively, the S&P 500 is down 1% from Trump’s inauguration to the market close on March 23, 2020.