Despite Russia and Michael Flynn, the tweets and CNN, the stock market has sailed from one high to the next under President Donald Trump. But hey, the market is up -- and on the biggest tear under a new president since LBJ. And yet the Democrat presided over a 210 percent rally in the S&P 500, the second biggest on record. The Trump Trade is approaching bull market dimensions in only three months, with futures on the Dow rallying 19 percent since their election night lows. Yes, the first month has been bumpy (though Trump asserted Thursday his administration is "running like a fine-tuned machine").
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If the stock market ends up performing poorly under President Donald Trump, it might not be his fault. A striking feature of the U.S. stock market is that it persistently does better under Democratic presidents than Republican ones. In a 2003 paper, Pedro Santa-Clara and Rossen Valkanov found that regardless of how they sliced the data, returns were substantially better for Democrats. It's just that he is a Republican. Since then,...
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collected by :Jack Luxor
as declared in
If the stock market ends up performing poorly under President Donald Trump, it might not be his fault. A striking feature of the U.S. stock market is that it persistently does better under Democratic presidents than Republican ones. In a 2003 paper, Pedro Santa-Clara and Rossen Valkanov found that regardless of how they sliced the data, returns were substantially better for Democrats. It's just that he is a Republican. Since then,...
read more visit us Money
collected by :Jack Luxor
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