How Trump’s stock market ranks in his first 50 days in office

MarketWatch ^ | March 11, 2017 | Mark DeCambre

[plain talk]

President Donald Trump is half way to marking his first 100 days in office, and as it turns out the so-called Trump rally is stacking up fairy well compared with past presidents during their midpoint to 100. Trump hits the 50-day milestone on Saturday.

The S&P 500 index SPX, +0.33% is on track to post its best return in the first 50 days off a presidential term since Bill Clinton’s first term in 1993, when the broad-market index rose 4.7%. In fact, it is the best 50-day performance for a GOP commander-in-chief ever and the sixth best performance over that period, based on the data (see table below):

Election Winner 50 days in office S&P 500 % Change

Franklin D. Roosevelt (D)April 23, 1933 7.75 32.71%
John F. Kennedy (D) March 11, 1961 63.48 5.87%
William Clinton (D) March 11, 1993 453.72 4.70%
Barack Obama (D) March 12, 2013 1552.48 4.48%
William Clinton (D) March 11, 1997 811.34 4.46%
Donald J. Trump (R) March 11, 2017 2,372.60 4.459%

[nhwingut]

Very cute. The stock market took off AFTER Trump was elected in November. But they are using the first 50 days after January 20.

[SkyPilot]

I think the market is still a house of cards.

The parallels between today and 1929 are striking.

[plain talk]

I don’t see it that way. But people that believe that probably should not invest in the market.

[SkyPilot]

We will just have to wait and see. One thing we do know: in 1929, 2008, and 2008, stocks surged to historic levels just before they crashed.

I just don't see the current valuation as sustainable or based on economic reality. And it has not been so for years.

Stocks may be up 8 - 11 % since the election, but I believe stocks were overvalued before the election as well due to ZIRP, manipulation, QE 1 and 2, and other factors. However, when you also factor in the derivative bomb that could go off in a panicked environment, then Katy bar the door.