FYI: I’ve always operated under the belief that no one person, office, or ruling party have control over the stock market or economy. As much as we would like to think our politicians can make things happen, they get far too much credit when things go well and far too much blame when things go poorly when it comes to the stock market or economy.
It seems the current guy in the White House is putting my theory to the test. I have yet to hear a coherent argument about the trade war that doesn’t end in the U.S. consumer being worse off.
Had he simply pushed through his tax cut and gotten out of the way, stopped tweeting, and avoided a trade war with the second biggest economy in the world, it seems like the economy and stock market wouldn’t be an issue.
Maybe I should amend my theory to say no president can make the stock market go higher but they can do their part in making it go lower. Hopefully I’m wrong but it seems like the stock market and maybe the economy could have a say in the 2020 election if things take a turn for the worse.
I looked at the stock market returns, recessions, and presidential elections in a recent piece at Fortune to see what history tells us about how they impact re-election campaigns.
Regards,
Ted
https://awealthofcommonsense.com/2019/08/does-the-stock-market-have-a-say-in-the-presidential-election/
