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|
|G W Bush||2001-09||-40%||-6.2%|
|G H W Bush||1989-93||+51%||+10.9%|
|F D Roosevelt||1933-45||+141%||+7.5%|
Source: NY Times, Bloomberg