(09-03-2020, 01:47 PM)BostonCard Wrote: I mean, you can probably attribute some of the increase in the stock market during Trump's term to the tax cuts he passed, but on the other hand, Obama and Trump are about as politically different as you can reasonably expect, and yet, COVID blip aside, the stock market has performed pretty similarly for both of them.
Just a minor nit, but Pres. Obama's market growth happened at the beginning, middle and what would normally be considered to be the end of a bull market. And these typically occur after recessions, particularly after The Great Recession. Trump's growth started to happen when expansions historically have faded, he extended the longest bull market in history. It's a much more difficult trick than improved growth after a recession.
Also (speaking of the Fed), Obama's growth occurred when the Fed's core rate was 0.25%, and remained so for the first seven years of Pres. Obama's eight year terms. Rates started increasing a bit in Obama's eighth year (by a sliver) then skyrocketed and continued to accelerate during Trump's first three years. They only reduced when COVID appeared.
https://www.macrotrends.net/2015/fed-fun...ical-chart
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