Biggest stock market gains in history
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Blogger Macro Man on Monday noted that the Trump surge is already among the biggest following an election going back more than a century. The data indicated that generally, a new president tends to preside over higher-than-average returns in their first year in office. The market also fared better in the weeks between election day and inauguration under GOP presidencies than Democrats—1. However, that was followed a little under eight months later by the Crash ofwhich stands as a signpost for the start of the Great Depression.
But the statistics overall do suggest that there are limits to what can be read into how the market performs following election day.
How stocks have performed between Election Day and inauguration since Like Macro Man, Joe Abbott, chief quantitative strategist at Yardeni Research, also found the near-term portents encouraging.
The benchmark also rose an average 4. Apart from history, the market has few other Trump cards to count on, according to Ed Yardeni, chief investment strategist at the eponymous consultancy.
Celgene Stock History: The Biotech's Path to Gigantic Gains -- The Motley Fool
Sue Chang is a MarketWatch reporter in San Francisco. You can follow her on Twitter at SueChangMW.
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