All things considered, it has only been about 3 months since Trump took office, I feel like there is absolutely no way that this was just a single craze and from here things will even out.

I feel like until 2028 (or maybe 2026?) S&P 500 is going to look like a roller coaster.

What do you think?

  • partial_accumen@lemmy.world
    157·
    5 days ago

    What climb? Its still down 8.61% since he took office. Crazy to celebrate losing almost 9%.

    By contrast Biden’s second to last year was UP 24.23%. His last year was up yet another 23.31%.

    To put dollars on this:

    • If under Biden you’d put $100,000 into the S&P500 on Jan 2023 on Dec 31 2023 you’d have $124,230.
    • If still under Biden you left your $124,230 in the S&P500 on Dec 31 2024 you’d have $153,188.01.
    • Under trump if you’d put $100,000 into the S&P500 on Jan 2025 by today Apr 13th 2023 you’d have $91,390

    I see no cause for celebration here.