“While Republicans promote themselves as the friendliest party for Wall Street, stock investors do better when Democrats occupy the White House,” Bloomberg reports.
In fact, since John F. Kennedy was inaugurated, $1,000 invested in a hypothetical fund that tracks the S&P 500 “only when Democrats are in the White House would have been worth $10,920 at the close of trading yesterday. That’s more than nine times the dollar return an investor would have realized from following a similar strategy during Republican administrations.”
“The Democratic edge is so large that the party comes out ahead even without counting Bill Clinton (the Democrat with the biggest S&P 500 gain) and George W. Bush (the Republican with the worst market record). A hypothetical $1,000 investment under Democrats excluding Clinton was worth $3,539 versus $3,296 invested under Republicans except Bush.”