Will Trump be the Stock Market's New Hoover?

As the year winds down, stock investors apparently welcome the prospect of a Republican in the White House. If the Trump presidency brings bumper returns, it will defy the odds. As Cullen Roche illustrates, the stock market tends to do better –much better–under Democrat presidents. Since Herbert Hoover took office, stocks have returned an average of 1.7% annually under Republicans. Returns under Democrat presidents, 10.8%.

From The Washington Post comes this chart of stock performance.

Will the market continue to greet Trump as enthusiastically as it welcomed Herbert Hoover? There's no telling, but we probably shouldn't worry. As Roche concedes, "judging stock market performance by presidencies is silly."