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Donald Trump inherits a 2,826-day-old rally in U.S. stocks that has defied history, overcoming anemic economic growth and a 15-month earnings recession that pushed valuations to a seven-year high. Bloomberg makes the case why if there is a bear market it is probably best to happen soon for the new President-elect.
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“Any incumbent president wants to get a bear market over early,” said Jim McDonald, the chief investment strategist at Chicago-based Northern Trust Corp., which oversees $875 billion. “Not that they can always control that, but there’s a strong relationship between the performance of the stock market in the year of the election and whether the incumbent party gets elected.”
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