Where will the stock market go in the Trump administration? During the Obama presidency, it has advanced nicely, even amid so-so growth. Andrew Houghton and Nicholas Atkeson of Delta Investment Management in San Francisco show us why a bullish view for the market has further to rise
Key Takeaways:
- The presidential election cycle occurs every four years, no matter what is going on with the economic cycle and stock market.
- The magnitude of the market decline from the October 2007 high to inauguration day 2009 had only been experienced twice before since WW II – 1973-74 and 2000-02.
- One of the key tenets to successful investing is to buy low. This is followed by sell high. Obama’s inauguration missed the ultimate market low by about six weeks.
“The country had been in recession 14 months, the housing market bubble had popped over a year earlier and the S&P 500 had lost roughly 46% of its value. Since 1900, the average recession had lasted 15 months.”
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