Market Moment - November 2024
In this Market Moment video update, our Director of Investment Management for Wealth and Fiduciary Services Anthony Valeri offers insights into historical stock performance and GDP growth by to president and political party.
Key takeaways:
- The S&P 500 Index Average Annual Price Return was positive in all administrations since 1933 except for two.
- The S&P 500 Index Average Annual Earnings Growth was positive in all administrations since 1961 except for one.
- Since 1950, the Quarterly GDP Growth Rate has averaged 2.7% for Republican presidents and 4.0% for Democrats.
- The S&P 500 Energy Sector Average Annual Return was 29.3 in the Biden Administration compared with negative 13.5 in the Trump Administration.