It compares Biden's results to those of past presidents going back to Ronald ReaganWith the news that President Joe Biden will not seek a second term, it’s time to examine how the stock market has performed during his administration.
In 2022, U.S. stocks had their worst year since the Global Financial Crisis in 2008, as the S&P 500 fell 19% and the Nasdaq was down a whopping 33%. During the Trump years, from January 20, 2017, to January 20, 2021, the S&P 500 had a total return of 68%. So, thus far, Biden ranks toward the lower end of the middle of the pack, but there are still six months left, so the story is not yet written.
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