Originally Posted by
Nantonaku
There are thousands of newly minted millionaires this month. Elections have consequences.
You’re living in a fantasy world. 3 weeks after the election, the S&P 500 is at 5969. On Election Day, it closed at 5782. That’s barely up 3%. A little short term pop for sure, but I don’t expect a 1% a week increase to continue going forward. Certainly not massive amounts of newly minted millionaires.
Also looking at the last 4 presidential terms (using Election Day to Election Day):
From Election 2020 to 2024, the S&P was up 77%.
From Election 2016 to 2020, the S&P was up 57%
From Election 2012 to 2016, the S&P was up 48%.
From Election 2008 to 2012, the S&P was up 55%.
Oh, and both Election 2000-2004 and Election 2004-2008 were both negative!
Draw your own conclusions, but Biden, Trump, and Obama all oversaw roughly equal periods of stock market growth.