- Feb 10, 2010
- Reaction score
- In some grass near you
Here's how the stock market performed under President Donald Trump, and how it compares to previous administrations
US President Donald Trump speaks to the press as he departs the White House in Washington, DC, on October 21, 2020. - Trump travels to North Car...
The Dow Jones Industrial Average returned 56% during the Trump presidency, according to LPL. This represents an annualized gain of 11.8%, which is the best performance for any Republican president since Calvin Coolidge during the roaring 1920's.
"This was still below the annualized returns of Presidents Bill Clinton and Barack Obama," LPL's Chief Market Strategist Ryan Detrick said in a note on Wednesday.
The annualized return of the Dow was 12.1% and 15.9% for Obama and Clinton, respectively.
During Trump's presidency, the Dow made 126 new all-time highs, which was slightly more than Obama's 123, but still lower than Clinton's 263. Both Obama and Clinton served two terms as president.
And since election day and up until inauguration day, President Joe Biden saw the sharpest gain on record in the S&P 500 of 12.8%, according to LPL. This compares to Trump's gain of 6.2%, and the previous record holder of John F. Kennedy and Bill Clinton, when the S&P 500 surged 8.8% between election day and inauguration day.
Trump got his ass whipped by both Obama, Clinton and Biden on the stock markets, but wait, Trump is supposed to be a businessman, right?