PRESIDENT TRUMP’S FIRST YEAR
John Lynch Chief Investment Strategist, LPL Financial | Jeffrey Buchbinder, CFA Equity Strategist, LPL Financial
Last week marked the one-year anniversary of President Trump’s Election Day victory. The period since the president was elected has been one of the best ever for U.S. stock markets. The 28.5% rally in the Dow Jones Industrial Average (Dow) one year after the election ranks 4 out of 31 overall among one-year post-election rallies for U.S. presidents since the inception of the Dow in 1896 [Figure 1] and is one of the best performances since World War II (WWII). The best? President Coolidge during the Roaring Twenties. The worst? Woodrow Wilson’s second term during WWI.