Stocks Hate the President — Any President

I had never heard this one:

According to research from the folks at Ned Davis dating all the way back to 1959, stocks do better when the public thinks the man in the White House is doing worse.
In fact, in weeks when the presidential approval rating sagged below 50 percent, stocks rose at an annual rate of 9 percent — versus only 2 ½ percent when the president in office sported a wildly popular 65 percent approval rating in the polls.
Americans witnessed this phenomenon firsthand on Inauguration Day; despite the national excitement about an Obama presidency and an approval rating near 70 percent, the Dow plunged 332 points.

Posted by on August 11th, 2009 at 10:49 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.