1 / 2 -- It’s been three years now since Donald Trump was elected president, which means it’s been three years of listening to Donald Trump bragging about how great the stock market is doing. Contrary to one now-infamous pre-election prediction, it has done quite well.
So here’s the total return on the S&P 500, adjusted for inflation, for the first three years after the initial election of every president since Herbert Hoover: Total return measures how much an investment in the companies in the S&P 500 Index would grow if dividends were reinvested in those companies as they were paid out. Dividends were a much bigger part of investor returns before World War II, and even before the 1990s, so any comparison that excludes them overstates market performance under recent presidents.
Praise him FDR for he was great.
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