US Vice President Kamala Harris speaks at a moderated conversation with former Trump administration national security official Olivia Troye and former Republican voter Amanda Stratton on July 17, 2024 in Kalamazoo, Michigan.In the upcoming election, millions of Americans will vote with their wallet. After all, the party in office has a material impact on citizens' finances, from
However, had you stayed invested during that entire time frame, you'd have $1.7 million. The reasoning for that is simple: The broad U.S. stock market has gone up in 17 of the 20 four-year administrations since Ike took office.Detrick's calculations underscore two major points. First, the market tends to trend upward regardless of who sits in the Oval Office.
Indeed, from 1951 through 2013, the S&P 500 posted an average annual return of 6.7% during periods of Democratic control in Congress and 11% when Republicans controlled both houses. When things were split, the market returned 14.5%.