Originally Posted by
iahflyr
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.
S&P 500 Index Funds FTW!
But seriously, anyone who thinks the POTUS has much if any effect on the stock market, gas prices, price of eggs, etc etc in the short term is a partisan hack. Economic policies set by one administration generally have effects down the line. Deregulation of the banking industry took a long time before it caused the '08 recession.