![]() ![]() But then the Panic of 1893 hit the banking system and led to a deep depression. He was respected by voters and by his peers in Washington. Cleveland, on the other hand, was just unlucky.īy any historical account, he was a responsible president who ran an honest and fiscally sound administration that believed in free trade and sound money. Most of the poorer-performing presidents had their share of mistakes that helped contribute to the lousy market returns of their presidency. These gains were attributable, at least in part, to Bush’s tax and regulatory reforms, which deserve credit.Īlas, Bush also will be remembered for an expensive and controversial war in Iraq and for throwing fiscal restraint out the window with some of the largest budget deficits in history.įor the bronze-medal loser, we have to go back to the late 1800s and the second presidency of Grover Cleveland. Stocks rallied from 2003 to the peak in 2007, briefly surpassing their Clinton-era dot-com highs. There were some good market years, of course. ![]() Sandwiched between two of the worst bear markets in U.S. If that weren’t bad enough, the 2008 mortgage and banking crisis happened at the tail end of his presidency. 11, 2001, terror attacks helped to push the economy deeper into recession. Poor Dubya had the misfortune of taking office just as the dot-com boom of the 1990s went bust and shortly before the Sept. This list now includes President Joe Biden's performance, which started out white-hot but has struggled in 2022. The following is a ranking of every president since Benjamin Harrison (who, sneak preview, did not do very well) by stock market performance, in order from worst to best. (Yes, a president’s actions aren’t the only thing that moves the stock market, but in many cases throughout history, the commander in chief’s decisions over time significantly contributed to how equities performed.) While we’re at it, we’ll rank every president that we can realistically include based on the available data – and that data includes a few caveats below. ![]() Just for grins, let’s consider what a “stock market Mount Rushmore” might look like. There really was no stock market to speak of during the Washington, Jefferson and Lincoln administrations, and Teddy Roosevelt ranks as one of the worst-performing presidents of the past 130 years – at least as far as Wall Street is concerned. The best recent example of this was the stock market rebound in 2009, long before the economy actually turned for most Americans.But if you were to make a Mount Rushmore for presidents based on stock market performance, none of these men would make the cut. ![]() As most economists will tell you, the stock market is not the economy. The more important question is what does that achievement mean. stock market has done well - and certainly better than its average annual 10% return since 1926 - under Mr. Obama's 33% for the similar period.Įither way, the U.S. Trump's stock market return through the next 38 months increases to 51%, giving him bragging rights over Mr. Turn back the clock to Election Day, as Mr. The data firm also started each president's stock clock on his first Inauguration Day. And the S&P return numbers from Macrotrends factor in just the increase in the prices of the stocks and not the extra gains from their dividends. These days, it includes such household names as Apple, Exxon Mobile, General Electric, McDonalds and others. Macrotrends based its analysis on the S&P 500, which tracks 500 of the largest publicly traded companies based in the United States from all sectors in the economy. ![]()
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