Obama: A Socialist? Or Capital Markets Wonder Man?

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From our friends at Leuthold Weeden Research: Barring a near-term collapse, Barack Obama’s term now stands to rank among the best handful of terms in modern stock market history (which he has curiously failed to list among his important first-term accomplishments—that is if one man can take credit for millions of individual actors acting in their own self interest). The three best previous presidential terms for stock prices also occurred with Democrats at the helm. (Take that GOP!) Again, though don’t expect the party to trumpet that fact.

Meanwhile, among the five presidential terms associated with a cumulative loss in the S&P 500, four occurred under Republicans (with “W” appearing on the list two times).

 

 

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