Asset Returns Under Prior Presidents
With it being Election Day today let’s look back and see how US assets performed under past administrations. The following chart from Bank of America Merrill Lynch breaks down the annualized real returns of an equal weighted basket of US equities and corporate bonds.
Under Obama the annualized real return of US stocks and corporate bonds was 9%. Seeing as Obama assumed office around the 2009 market bottom and the Fed engaged in aggressive monetary stimulus almost his whole term, it’s hard to see how the next president will be able to come close this level.