The post -election euphoria has given way to the significant concerns of investors for the effects of the commercial war and so i first 100 days of the second presidency of Donald Trump were the i worse for the US stock market since the 70sor from the mandate of Richard Nixon.
The data of the Trump bis
The 7.9% decrease in the S&P 500 indexrecorded between the Trump oath on January 20 and the closure of April 25, represents the second worst performance in the first 100 days after the 9.9% collapse in 1973 During the Nixon presidency, according to CFRA Research data data. The decline of Wall Street during the Nixon presidency happened that a series of economic measures adopted to fight inflation caused the 1973-1975 recession. Nixon then resigned in 1974 due to the Watergate scandal.
In averagethe S&P 500 salt of 2.1% in the first 100 days of any president, in the data of the post-electoral years from 1944 to 2020, always according to the CFRA data.
The other major negative performances in the first 100 days were those of Bush in 2001 (-6.9%), Eisenhower in 1953 (-5.8%) and Truman in 1949 (-4.9%). The better They were those of Kennedy in 1961 (+8.9%), Biden in 2021 (+8.5%) and Obama in 2009 (+8.4%).
The reversal of trend
The drops of Wall Street of the last few months are one clear inversion Compared to what has been seen immediately after Trump’s victory in November. From the day of the elections to the day of the settlement, the S&P 500 advanced by 3.7%, according to the CFRA data.
The so -called Trump Trade (Increase in the prices of the shares, with a surge in bond returns and strengthening of the dollar) was based on the assumption that Trump 2.0 would have been a presidency favorable to companies, characterized by deregulation, tax cuts and support for the technological sector. However, Trump’s obsession for commercial deficits and his abuse of duties as negotiation tools have broken these hopes.
In April, the S&P 500 suffered a collapse, losing 10% in just two days and briefly entering “Bear Market”, following the announcement of Trump of “mutual” duties. Trump then portrayed part of that announcement, granting the countries a 90 -day break to renegotiate the agreements, which appealed some concerns of investors.
The other measures of the 100 days
The approval rate of Trump, equal to 41%, is the lowest of all newly elected presidents in the first 100 days, starting at least from Dwight Eisenhower, including Trump’s first term, according to a new CNN survey conducted by SSRS. The consent for the management of the presidency by Trump has fallen by 4 percentage points since March and 7 points compared to the end of February. Only 22% of interviewees say they strongly approve the management of the charge by Trump, a new minimum, and about twice the interviewees claim to disapprove it strongly (45%).
Another significant fact is that, during its first 100 days at the White House, Trump issued 137 executive ordersthree times more than President Biden, who was struggling with a pandemic, and almost ten times more than President Clinton during both his mandates, according to a Unicredit report. Trump’s current appeal under the executive orders is “impressive” even if compared with his first term, when he adopted about thirty. We must return to 1933, when Franklin D. Roosevelt was in power, to find a president who made ample use of executive orders during his first 100 days, but issued only 99, immediately after the great depression.
