Trump’s first 100 days – the worst for the stock market since Nixon

President Donald TrumpThe first 100 days in office are the worst for the stock market to start the four-year president from the 1970s.

The drop of 7.9% of the S&P 500, when Trump was sworn in on January 20 to closing on April 25, is the second worst first 100-day speech returned to President Richard Nixon’s second term, Cfra Research reports. In 1973, Nixon saw that the S&P 500 Tumble 9.9%, after a series of economic measures that he took to combat inflation, led to the recession from 1973 to 1975. Later, Nixon resigned in 1974 from the Watergate scandal.

On average, the S&P 500 increases by 2.1% in the first 100 days for any president, in the data years after the nomination, which passed from 1944 to 2020, showed CFRA.

The seriousness of the final section to start Trump’s presidency follows, unlike the original euphoria after the November election win, when the S&P 500 has grown to general highs against the backdrop that the former businessman would very much rely on tax reducing and de -deregulation. From election day to inauguration, the S&P 500 data shows, CFRA data shows.

The rally sprayed, and then sharply plunged when Trump used his early days to push other promises of the company that investors have taken less seriously, especially the aggressive approach to trade that many worried, lead to inflation and push the US into recession.

In April S&P 500 took on Loss 10% just two days and Short entrance bear marketAfter the “mutual” tariff announcement of Trump. Trump then went back to this announcement, giving the countries a 90-day pause to rethink the transactions that reassured some investors’ problems. Many worry that it is ahead.

“Everyone is looking for this bottom here,” said Jeffrey Hirsch, the editor of the almanac almanac. “I still think this is a rally of bears, the closest thing of refusals. I am not yet convinced that we are not yet in the forest, with lack of clarity and constant uncertainty in Washington.”

On February 19, the S&P 500, which reached the closing maximum of 6,144,15, ended on Friday at 5525.21. This is the erased all income after the election since November.

Certainly, Trump has two more trading days to cut their losses. Its first 100 days end on Tuesday. If this week’s S&P 500 shares, it may approach the third worst start – 6.9% decrease in the first 100 days of George Bush in 2001.