經濟在頭二年半疫情前增長情況是半個世紀最好。就算有了百年
不遇的世界範圍疫情經濟仍然強勁，而且通脹還還不高，四年股市
Performance 比疫情後經濟從疫情中恢複的拜登四年也不差（若
沒記錯還稍好些）
查了一下：果然，
川普時漲67%，拜登57%
Comparing the stock market performance during Donald Trump’s and Joe Biden’s presidencies requires looking at key indices like the S&P 500, Dow Jones Industrial Average (DJIA), and Nasdaq Composite, as well as considering economic contexts such as the COVID-19 pandemic, policy impacts, and market trends. Below is a detailed comparison based on available data and web insights.
Overview of Stock Market Performance
• Donald Trump (First Term: January 20, 2017 - January 20, 2021)
• The stock market saw significant gains during Trump’s term, particularly before the COVID-19 pandemic.
• Key policies: Tax cuts (Tax Cuts and Jobs Act of 2017), deregulation, and trade policies (e.g., tariffs on China) influenced market sentiment.
• The COVID-19 pandemic caused a sharp market crash in early 2020, followed by a rapid recovery due to stimulus measures and vaccine optimism.
• Joe Biden (Term: January 20, 2021 - January 20, 2025)
• Biden inherited a recovering market post-COVID, with gains driven by stimulus packages, low interest rates, and tech sector growth (e.g., AI boom).
• Challenges included inflation, Federal Reserve rate hikes, and geopolitical tensions (e.g., Russia-Ukraine war).
• The market experienced volatility but reached record highs in 2023 and 2024, despite economic concerns.
Stock Market Performance by Index
Below are the cumulative returns for key indices during each presidency, based on available data up to Biden’s term ending January 20, 2025 (source: web results, including Investopedia, Axios, and Forbes).
S&P 500 (Broad Market Benchmark)
• Trump’s First Term (Jan 2017 - Jan 2021):
• Cumulative Gain: +67.3% (excluding dividends).
• Annualized Return: +12.6% (from election to Biden’s election, per CFRA Research).
• Notable Events: Strong pre-COVID gains, a 34% drop in March 2020, and a recovery by late 2020.
• Biden’s Term (Jan 2021 - Jan 2025):
• Cumulative Gain: +57.9% (through January 20, 2025, per Axios).
• Annualized Return: +10.3% (from inauguration, per CFRA Research).
• Notable Events: Post-COVID recovery, 24% and 28% gains in 2023-2024, but lagged small-cap stocks (Russell 2000 up <1%).
Dow Jones Industrial Average (Blue-Chip Stocks)
• Trump’s First Term:
• Cumulative Gain: +56.8%.
• Annualized Performance: Outperformed Biden slightly on an annualized basis.
• Biden’s Term:
• Cumulative Gain: +40.2% (through January 20, 2025).
Annualized Performance: Slightly below the 50-year average but better than some one-term presidents (e.g., Jimmy Carter).
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