It's a popular notion in some circles that this year's positive stock market start has a lot to do with our new president. Well, we gotta be careful with that, for, as I pointed out in a recent post, if Trump had taken office in January 2008 he'd be unfairly catching the blame for the worst bear market/recession since the Great Depression.
So how's the market done since he took office? Well, compared to all of the past first-termers since 1900, President Trump's first 100 days fall smack-dab in the middle (10th place out of 20), with a return just a hair above the median (but way better than the results under past Republicans!):
Clearly, it's more about timing!
Data source: Bespoke Investment Group