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Robert A. Weigand, Ph.D.
is the principal partner of Financial Analytics, LLC. Dr. Weigand has been a faculty member at Texas A&M University, the University of Colorado, and the University of South Florida. He is the author of over 45 scholarly articles and book chapters. His research has supported various innovations in the field of asset management, including Russell Investment’s CrossVol(TM) Volatility Indexes. He is also the author of Applied Equity Analysis and Portfolio Management, John Wiley and Sons, 2014. Dr. Weigand earned his Ph.D. in Financial Economics from the University of Arizona in 1993.
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Financial Market Commentary 
U.S. Stocks Returns: First 22 Months, President Obama vs. President Trump
I thought readers might be curious to see a comparison of the performance of U.S. stocks after each president’s first 22 months in office. The graph below shows that in President Obama’s first 22 months in office, Feb-02-2009 to Nov-21-2010, large-cap stocks (measured as the S&P 500) rose 45%, and small-cap stocks (measured as the Russell 2000) rose 60%. Not too shabby.
The graph shows that stocks have also risen during President Trump’s first 22 months in office, Feb-02-2017 to Nov-21-2018. The Russell 2000 has risen 9% and the S&P 500 is up 16%.
Conclusion: In President Obama’s first 22 months in office, large-cap stock returns were 2.8 times larger than under President Trump, and small-cap stock returns were 6.5 times larger.
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