US Presidents as the political leader of the nation can influence the economy through their policies, but their influence to the stock market is very marginal. People will argue when a president from Republican Party with its conservative view on economy will translate to the stock market gain, vice versa, a president from Democratic Party will be bad for the stock market. Let’s take a look at S&P index returns under both Republican and Democratic presidents for the past 28 years, and recessions during that time.
President |
Date |
S&P |
Date |
S&P |
% |
Recession |
Clinton 1st Term |
20-Jan-93 |
435 |
17-Jan-97 |
776 |
78% |
No |
Clinton 2nd Term |
20-Jan-97 |
776 |
19-Jan-01 |
1,343 |
73% |
No |
Bush 1st Term |
22-Jan-01 |
1,343 |
19-Jan-05 |
1,185 |
-12% |
No |
Bush 2nd Term |
20-Jan-05 |
1,185 |
16-Jan-09 |
850 |
-28% |
Yes |
Obama 1st Term |
20-Jan-09 |
850 |
18-Jan-13 |
1,486 |
75% |
No |
Obama 2nd Term |
22-Jan-13 |
1,486 |
19-Jan-17 |
2,264 |
52% |
No |
Trump |
20-Jan-17 |
2,270 |
07-Oct-20 |
3,419 |
51% |
Yes |
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