S&P 500 Shows Growth Under Obama’s TermPosted by in Blog on October 10, 2012
Barack Obama is derided as a socialist by some of his political opponents, but there is something very surprising about what the stock market has done during his tenure.
WealthManagement.com reports that according to Leuthold Weeden Research, Obama’s presidential term is one of the “best handful of terms in modern stock market history.” In fact, the other three best performances by the S&P 500 took place with Democrats in the Oval Office. “Curiously,” though, writer David Aldo Geracioti notes that neither Obama nor the Democratic Party have publicized those facts.
In addition, of the five worst modern S&P 500 performances, four took place with Republicans in the Oval Office, with George W. Bush as president for two of them.
The S&P 500 has increased in value by 77.8% percent during Obama’s term. That is third in modern history, trailing only Franklin D. Roosevelt seeing a 162% S&P price return in his first term, and the S&P 500 increasing 79.2% under Bill Clinton. Bill Clinton’s second term and Dwight Eisenhower’s first term round out the top five.
Of the five worst, Herbert Hoover saw the S&P 500 go down in value by 73.3% in his term. The second worst was FDR’s second term, with the value going down 41.3%. Nixon’s second term, and George W. Bush’s two terms are the other two presidential terms with the most negative S&P values.
Written by Lisa Swan