Not that presidents ought to get as much credit or blame as they do, given how many other factors affect financial asset performance (especially starting point!), but still – this is how a host of asset classes have fared under President Obama in his first six years…
via CNN Money:
Ironically, Obama and his policies were supposed to have been terrible for corporations, stocks, wealthy people, capital formation, etc. As it turns out, either his policies weren’t so bad or they just didn’t matter, given other factors (the Fed, duh).
The punchline is that during the run-up to 2016’s elections, there will still be no shortage of knuckleheads touting a particular trade based on which candidate or party is seen to be ascendant at any given moment.
Good luck with that.