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this post was submitted on 29 Jan 2024
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politics
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When Trump took office on 1/20/2017, the Dow declined 0.4%, to close at 19,732.40.
When Biden was sworn in on 1/20/2021, the Dow rose 0.4% closing at 30,930.52.
So over Trump's 4 years, that's a net gain of 11,198.12.
As of today, the Dow is up 0.59% to 38,333.45. Or a net gain of 7,402.93 with 11 months left in Biden's first term.
By point of comparison:
Obama 1: 7,949.09 to 13,649.70
Obama 2: 13,649.70 to 19,732.40
I usually figure there is about a year at the beginning of each term that is still the result of the previous administration. I'm curious how that would change the numbers here (though not yet curious enough to look it up).
Also, those numbers do a really good job of highlighting just how unrelated the market and the buying power of individuals really is.
In addition, Congress usually passes a government budget before their Christmas break. That results in a new Presdent working from the past President's budget their first year.