"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.
Democrats are ramping up their criticism of Republicans by tying them to Wall Street, launching a "coordinated attack" combining national and state party resources, as well as interest groups. Building off the Obama administration's... 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