The presidential touch
May 3, 2017
As Donald Trump takes office on Jan. 20, he inherits the second-longest running bull market in history. The market’s performance since Election Day 2016 ranks No. 2 among presidential transition periods since Dwight Eisenhower. Stocks now are nearly twice as ‘pricey’ as at the start of the Obama administration, with a trailing price-to-earnings ratio of 21.3 vs. 11.5 in January 2008. Discover how U.S. stocks have fared under presidents since Eisenhower.