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Category: Stock Market and Dow Jones Industrial Average
Date: 3 March 2020 We take a look at the performance of the Dow Jones Industrial average and the returns provided by it under current US President Donald Trump and former US President Barack Obama. Data obtained from our friends at Macrotrends.net
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President Trump vs President Barack Obama. Under who did the Dow perform better?
In recent months (before the arrival of the Coronavirus which sent markets crashing), President Trump kept boasting about how well the stock market has performed under his reign as US President. While the market has performed extremely well under him, the question is how has it been doing when its compared to the returns the Dow Jones made under President Barack Obama? We went looking for answers and our friends at Macrotrends.net provided it.
The summary of the graphic below is provided by Macrotrends and states the following:
Historical data is inflation-adjusted using the headline CPI and each data point represents the month-end closing value. The current month is updated on an hourly basis with today's latest value. The current price of the Dow Jones Industrial Average as of March 02, 2020 is 26,703.32.
The summary of the graphic below is provided by Macrotrends and states the following:
Historical data is inflation-adjusted using the headline CPI and each data point represents the month-end closing value. The current month is updated on an hourly basis with today's latest value. The current price of the Dow Jones Industrial Average as of March 02, 2020 is 26,703.32.
Dow Jones industrial average return provided for President Trump and former President Barack Obama
So while the returns of the Dow Jones Industrial average has mostly been positive for both President Trump and former President Barack Obama it is former President Obama that has the upper hand. After a year into their respective presidencies the Dow recorded growth of 31.6% under Trump and 25.8% under Obama. Two years into their respective presidencies the Dow recorded 48.6% under Obama and 25.9% under Trump.
And based on the latest numbers 38 months into their respective presidencies the Dow recorded gains of 65.1% under Obama and 34.4% under President Trump. Based on these numbers one wonders if President Trump should really brag about the performance of the stock market when the returns provided by the Dow under his presidency is currently far lower than it was over the same time period of President Barack Obama?
So how does Obama's returns compare against his predecessor former President George W Bush? We take a look below
And based on the latest numbers 38 months into their respective presidencies the Dow recorded gains of 65.1% under Obama and 34.4% under President Trump. Based on these numbers one wonders if President Trump should really brag about the performance of the stock market when the returns provided by the Dow under his presidency is currently far lower than it was over the same time period of President Barack Obama?
So how does Obama's returns compare against his predecessor former President George W Bush? We take a look below
President Barack Obama vs President George W Bush. Under who did the Dow perform better?
The image below shows the performance of the Dow Jones Industrial Average under former Presidents Barack Obama and President George W Bush. And from the image it is clear that over the term of their respective presidencies the Dow Jones had a much better time under former President Barack Obama than it did under former President George W Bush. And both of these presidents had crises' to deal with. President Bush had the 9-11 terror attacks and the resulting conflicts and wars emanating from this while Obama had the sub-prime lending crises and the great recession to deal with.
Down Jones Industrial average returns under former Presidents Barack Obama and George W. Bush.
Looking at the performance of the Dow Jones under former presidents Barack Obama and George W Bush there is only one winner here. And that is Barack Obama. By the time former President George Bush left the oval office the Dow Jones actually declined in real terms. The Dow Jones real returns provided over the course of the presidential terms saw the following. Under President Barack Obama: 147% and under President George W Bush -26.5%. So absolutely nothing to write home about for former President George W Bush.