09:21 GMT +321 January 2020
Listen Live
    US
    Get short URL
    222
    Subscribe

    The S&P has returned more than 50 percent since Trump was elected, which is more than double the average return for three years into office of former presidents of the United States.

    President Donald Trump's stock market rally is beating the average market return for three years into the presidential term, thus outpacing his predecessors, CNBC news reported on Thursday.

    The bellwether index gained more than 28 percent in 2019 - also above the average third year numbers for past presidents.

    “Year three has been by far the best year of the cycle with an average gain of 12.81%, and the playbook has stuck to the script in year three of the current cycle", the bellwether index said.

    The average presidential return for former presidents has been 23 percent since 1928, according to Bespoke Investment Group. Former President Barack Obama's return was more than 32 percent in 2013.

    To beat the average market return, the S&P will have to gain 6 percent in 2020.

    Still, Trump's return his first year in office was triple the average, the outlet added.

    The numbers come amid the ongoing push by the Democrat-controlled House of Representatives to impeach President Trump.

    Tags:
    impeachment, Democrats, finance, Barack Obama, stock market, Republicans, president, Donald Trump, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik