The S&P 500 is performing nearly the same at this point in Donald Trump’s presidency as it was during the same point of Bill Clinton’s presidency.
Since Trump’s inauguration day, the stock index has risen 29% in value. To be more precise, this is a 29% jump in value over 645 trading days. Despite comparability to Bill Clinton, other presidents have fared better.
During the first 645 days of Barack Obama’s term the S&P 500 increased 46% and for George H.W. Bush it jumped 36%. However, no recent president has fared as poorly as George W. Bush. During his first 645 trading days in office, the S&P 500 sunk 26%.
For Clinton, after his first 645 trading days in office, the S&P 500 soon outperformed other two-term presidencies. By the end of his first term, the stock index had increased 79% in value and by the end of the second term it had increased another 73% in value.
Much of the growth in the S&P 500 during Trump’s presidency can be accounted for Trump’s major tax overhaul causing the Dow to surpass 26,000 while economic growth continued to quicken. Trade war tensions with China have threatened this upward trend.