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US Presidents and their effect on the S&P500

Following the US Presidential elections in November last year, Josh Matthews, Managing Partner at MASECO Private Wealth, wrote an article for Spears Wealth Management discussing the impact of Obama’s re-election on the US and global capital markets (you can read the article here).

The New York Times has just published some interesting statistics which illustrate the power of the Presidency on the markets. The table below shows the change in the S&P500 index under each president since 1929, both in terms of the total change and an annualized change. Surprisingly, Obama’s Presidency has seen the fifth highest total change but, when annualized, the change has been the greatest – and by some margin.

Change in S&P500 under each president

PRESIDENT

DATES TOTAL CHANGE

ANNUALIZED CHANGE

Obama 2009-12 +105% +18.0%
G W Bush 2001-09 -40% -6.2%
Clinton 1993-01 +210% +15.2%
G H W Bush 1989-93 +51% +10.9%
Reagan 1981-89 +118% +10.2%
Carter 1977-81 +28% +6.3%
Ford 1974-77 +27% +10.4%
Nixon 1969-74 -20% -4.0%
Johnson 1963-69 +46% +7.6%
Kennedy 1961-63 +16% +5.4%
Eisenhower 1953-61 +129% +10.9%
Truman 1945-53 +86% +8.3%
F D Roosevelt 1933-45 +141% +7.5%
Hoover 1929-33 -77% -30.8%

Source: NY Times, Bloomberg

 


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