Assessing the Donald's Impact
When considering the actions of the President of the United States, it's essential to differentiate between causes for concern and mere antics. The President, being arguably the most powerful person on the planet, warrants some alarm on occasion.
Despite Donald Trump's bluster, the markets have been surprisingly productive under his watch. It's crucial to remember that combining investing and politics is often a bad idea. Since Trump took office in January 2017, the S&P 500 has risen from approximately 2250 to 3720 by January 2021, representing a total return of around 15% per year.
Combining your investing and your politics is almost always a horrible idea.
This significant growth includes the 25%-ish drop due to COVID in early 2020. The author will discuss two things to worry less about and one critical concern that requires more attention in a follow-up piece.
Author's summary: Assessing the Donald's impact on markets.