Arkady
President
One of the few bright spots since Trump took office was that the great Obama-era stock market had grown even more strongly under Trump. With recent setbacks, I was curious if that was still the case.
Based on its last close (2342.87) and its close on Obama's last day (2271.31) the S&P 500 has risen at an annualized pace of 13.42% on Trump's watch, which is excellent in historical terms. However, it's also a slight let-down relative to Obama-era trends. The annualized growth rate during his eight years was 13.84%.
Now, to be fair, it's unrealistic to expect Trump to live up to Obama's high standard. The Obama years were epic for stock investors, and that was bound to moderate. If we can hold to something in the double digits while Trump is president, I'll be content with that. Similarly, if we can average an additional 158,000 jobs per month during his presidency (the average of his first two months), that'll be fine, even though that would be a letdown relative to each of Obama's last six years. I just hope these slowdowns don't signal the start of greater future weakness.
Based on its last close (2342.87) and its close on Obama's last day (2271.31) the S&P 500 has risen at an annualized pace of 13.42% on Trump's watch, which is excellent in historical terms. However, it's also a slight let-down relative to Obama-era trends. The annualized growth rate during his eight years was 13.84%.
Now, to be fair, it's unrealistic to expect Trump to live up to Obama's high standard. The Obama years were epic for stock investors, and that was bound to moderate. If we can hold to something in the double digits while Trump is president, I'll be content with that. Similarly, if we can average an additional 158,000 jobs per month during his presidency (the average of his first two months), that'll be fine, even though that would be a letdown relative to each of Obama's last six years. I just hope these slowdowns don't signal the start of greater future weakness.
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