Trump Rally Nears 1-Year Anniversary at Third Best
 
In a few days, on November 9, the Trump rally will mark its 1-year anniversary. As of last Friday’s close, S&P 500 had gained 19.63% from the close of trading on the day after the 2016 Presidential election. This is the third best showing by S&P 500 since 1950 and newly-elected, first-term presidents. President Kennedy takes top honors with a 27.86% gain and President G.H.W. Bush holds the second spot at 23.14%. 
 
President Bush’s rally made it to the 18-month marker only to fade shortly thereafter when Iraq invaded Kuwait in early August of 1990. Kennedy’s rally ended with a bear market that began in December 1961 and ultimately chopped 27.1% off the S&P 500 by the time it ended in June 1962.
 
[S&P 500 Performance following Newly Elected Presidents]