As President Trump mentioned on Twitter yesterday, he has officially been in office for 500 calendar days. Although how he has done has led to many an argument at family dinners, it is easier to break things down from purely a market perspective.
“It has definitely been an eventful stretch, but what stands out is that the Dow has made more new highs under President Trump during the first 500 days than any other President going back to 1900. The 25.2% return is quite impressive, but it ranks sixth out of the past 20 Presidents,” according to LPL Research Senior Market Strategist Ryan Detrick.
As our LPL Chart of the Day shows, Trump narrowly topped President Obama, but Franklin Roosevelt easily tops the list as he oversaw the Dow’s nearly 80% run-up as the country emerged from the Great Depression:
The Dow Jones Industrial Average (DJIA), or DOW, is a price-weighted average of 30 blue-chip stocks that are generally the leaders in their industry.
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