With a new president and a new year do you ever wonder if the stock markets do better with democrats or republicans in office? During Obama`s last day has overseen a sharp bull market in nearly eight years. Now with Donald Trump taking office stocks could not be as strong. In order for Trump to outperform Obama, the Dow would have to reach almost 50,000 over eight years.
Key Takeaways:
- The GOP has long been considered the party of Wall Street with the belief that the stock market performs better under Republicans than Democrats.
- The Dow Jones Industrial Average closed at 19,804.72 on Wednesday, a sharp rise of almost 140 percent since the Democrat’s Inauguration Day in 2009.
- The stock market may not be so strong under Republican President-elect Donald Trump, though some investors may feel encouraged by his pledge for corporate tax reform while launching a fiscal spending program.
“The stock market may not be so strong under Republican President-elect Donald Trump, though some investors may feel encouraged by his pledge for corporate tax reform while launching a fiscal spending program.”
Leave a Reply