What history reveals about presidents with rocky market starts
President Trump's first 100 days in office have been the worst for the stock market since the 1970s.
President Trump's first 100 days in office have been the worst for the stock market for the start of a president’s four-year term since the 1970s. Sam Stovall, chief investment strategist at CFRA, joined TheStreet to discuss what could fuel a rebound.
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Full Video Transcript Below:
SAM STOVALL: Well, President Trump's 7.3% decline in his first 100 days in office does place him behind only Richard Nixon's 9.9% decline. And historically, whenever the first 100 days return has been below average, which was around 3% then, for the full year, the market actually posted an average decline with, from a party perspective, a nearly 10% decline for Republican presidents. We saw big declines for Eisenhower, for Nixon, for Bush 43. So history would essentially say, we have to hold on to our hats for 2025. But I think that because this is more of a manufactured correction, because of the trade war, that should the US decide to back off on some of its trade demands, that the risk is probably more to the upside than to the downside.
