Biden’s First 100 Days Have Been Great for the Stock Market. What History Says Happens Next.

Barrons2021-04-28

Joe Biden’s100th day in officeis this Thursday, and the stock market is on pace to record its best start to a president’s term since that of Franklin D. Roosevelt in 1945. TheS&P 500 indexis up nearly...

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Comments

sotonic
2021-04-28
sotonic
Hahahahahaha! What a joke!
mad276
2021-04-28
mad276
go Joe!
Retxed183
2021-04-28
Retxed183
What?! Stock market keep going down lol
BraydenChin
2021-04-28
BraydenChin
Thanks for the sharing
filixnah
2021-04-28
filixnah
Wow
adamkok94
2021-04-28
adamkok94
you sure

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Roosevelt in 1945. TheS&P 500 indexis up nearly 9% since inauguration day, trailing FDR’s fourth term by about a percentage point.Of course, there are a multitude of influences that determinewhat the stock market doesover any period, and the impact of any particular president or another is debatable. Continued easy monetary policy, the rollout of Covid-19 vaccines, and a string of strong economic data and corporate earnings reports areamong the bullish forcesthat have underpinned the rally in recent months.The S&P 500 index has climbed an average of 3.8% in the first 100 days of the 24 presidential terms since 1929, according to Dow Jones Market Data. That’s an annualized rate of about 14.5%—well ahead of the S&P 500’s 6% average annual rise since its inception.The first few months of the year tend to be a better time for stock returns in general, as corporate management teams give guidance for the year ahead and investors price stocks on higher estimates. In a new presidential term, the administration’s to-be-realized plans might inspire a bit more investor optimism.The S&P 500’s historical track record for the next 100 days of presidential terms is even better: The index has gained 4.8% on average in that time frame. Its returns in that period have been similar on average whether the S&P 500 rose or fell in the president’s first 100 days.The S&P 500 has been up 14 of 24 first 100 days of a president’s term since its inception, including 9 of 13 Democrats and 5 of 11 Republicans. The index has risen an average of 7.3% under Democrats’ first 100 days and slipped 0.4% under Republicans’.FDR died in April 1945, before the 100th day of his fourth term in office, when the S&P 500 had gained just over 10%. That rise pales in comparison with FDR’s first term in 1933, with the index up nearly 80% in 100 days. 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It rose 2.8% and 7.5% in the first 100 days of Barack Obama’s first and second terms, respectively, and 5.3% to start Donald Trump’s presidency in 2017.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":100653463,"gmtCreate":1619611734452,"gmtModify":1704726759383,"author":{"id":"3581556422449066","authorId":"3581556422449066","name":"sotonic","avatar":"https://static.tigerbbs.com/243a8e30678e184d968c8db110fcac50","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Hahahahahaha! What a joke!","listText":"Hahahahahaha! What a joke!","text":"Hahahahahaha! What a joke!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/100653463","repostId":1192239345,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":100624196,"gmtCreate":1619611346215,"gmtModify":1704726753531,"author":{"id":"3575548858399731","authorId":"3575548858399731","name":"mad276","avatar":"https://static.tigerbbs.com/1a9a58ce8db8a0e8a73026ea18b28fcc","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"go Joe!","listText":"go Joe!","text":"go Joe!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/100624196","repostId":1192239345,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":100687509,"gmtCreate":1619609642701,"gmtModify":1704726726769,"author":{"id":"3571060865958359","authorId":"3571060865958359","name":"Retxed183","avatar":"https://static.tigerbbs.com/c86091eb56187447cd7d41aabe57cbeb","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"What?! Stock market keep going down lol","listText":"What?! Stock market keep going down lol","text":"What?! Stock market keep going down lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/100687509","repostId":1192239345,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":100614749,"gmtCreate":1619608537481,"gmtModify":1704726711851,"author":{"id":"3559298661152538","authorId":"3559298661152538","name":"BraydenChin","avatar":"https://static.tigerbbs.com/bfd2a88b99637dafe5b0bed7c46289a9","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Thanks for the sharing&nbsp;","listText":"Thanks for the sharing&nbsp;","text":"Thanks for the sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/100614749","repostId":1192239345,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":100612615,"gmtCreate":1619608305037,"gmtModify":1704726708119,"author":{"id":"3578106945304880","authorId":"3578106945304880","name":"filixnah","avatar":"https://static.tigerbbs.com/6f84688ff84c1cf1b1e88f5483e70218","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/100612615","repostId":1192239345,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":100616252,"gmtCreate":1619608195876,"gmtModify":1704726706332,"author":{"id":"3555618838812838","authorId":"3555618838812838","name":"adamkok94","avatar":"https://static.tigerbbs.com/f265cbc13af25fd5c5d975aafa794402","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"you sure","listText":"you sure","text":"you sure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/100616252","repostId":1192239345,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":50,"commentSize":11,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1192239345"}