Trump ranks below Obama, Clinton and other Democrat presidents in a large group seen as having little impact on markets
Trump says stocks are rallying because investors expect him to win November’s presidential election. Of course, stocks rallied hard for most of 2020; was this because investors were delightedly pricing in a, tries to answer the question by excluding external factors such as interest rates and valuation that are beyond a president’s control. On this basis, the “best” president for markets was actually Jimmy Carter, due to the difficult economic conditions he faced.
Overall, the study suggests Carter was the only “good” president, Reagan and Gerald Ford were the only “bad” presidents, and the rest were “useless”, having little impact either way. This includes Trump, who is ranked below Obama, Clinton, and various other Democrat presidents.
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