Presidents and the Stock Market

Just in case you were wondering, stock markets do better under Democratic presidents.

Economic Scene: Which Party in the White House Means Good Times for Investors?
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Still, presidents like to think – or at least claim – that they influence economic activity. So a finding that the party occupying the White House has an impact on stock market performance should mean something.
With respect to the questions asked above, Professors Santa-Clara and Valkanov can give a firm answer only to the first: Stock market excess returns have definitely been higher under Democrats than under Republicans.
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Filed under: Economics