Are Dems Better for Wall Street?
Some on Wall Street fear higher taxes under an Obama presidency. Others think an Obama presidency, if it comes to pass, will be more centrist -- more Clintonian -- because Obama leans on Clinton economic advisers.
But what do the numbers say?
Some statistics say the Democrats are better for the markets than Republicans.
Check these out:
-- The Dow has risen an average of 13.7 percent in the first year of a Democratic administration after a Republican one, CBNC reports.
-- Since 1901, the S&P rose an average 7.2 percent under Democratic presidents vs. 3.2 percent under Republicans, according to Ned Davis Research.
-- In the last seven periods when Democrats had complete control of U.S. political power, the S&P 500 rose 14.7 percent on average, according to Bespoke Investment Group. In the eight times a Republican was president and Democrats controlled Congress, the benchmark index rose 7.4 percent.
-- Still, the notion that "gridlock is good" is also borne out, at least in relatively recent history. Of the 28 years of positive stock performance since 1970, 19 occurred during partisan control between the White House and Congress, according to Ashraf Laidi of CMC Markets U.S.
-- Frank Ahrens
The Ticker is Twittering!
The comments to this entry are closed.