"While Republicans promote themselves as the friendliest party for Wall Street, stock investors do better when Democrats occupy the White House," Bloomberg reports.
In fact, since John F. Kennedy was inaugurated, $1,000 invested in a hypothetical fund that tracks the S&P 500 "only when Democrats are in the White House would have been worth $10,920 at the close of trading yesterday.
I don't expect this from Bloomberg, but I like it. This week, reporter Ryan Sutton published his review of the new NYC location of Tao, one of Wall Street's favorite upscale restaurant/party spots. Now, the word "review" actually, i... Read Post
So says Bloomberg, anyway: The BGOV Barometer shows that, over the five decades since John F. Kennedy was inaugurated, $1,000 invested in a hypothetical fund that tracks the Standard & Poor’s 500 Index (SPX) only when Democrats are ... Read Post
The popular opinion is that the Republican party is more friendly to Wall Street and business than the Democratic Party. Perhaps. But the stock market has performed better with Democrats in the White House. My study goes back to 191... Read Post