For the record, following are the equity returns for the one-year anniversary of the election of Donald Trump as president, Nov. 8, 2016, seeing as he loves to tweet about them so much.
Dow Jones +28.5%
S&P 500 +21.3%
Nasdaq +30.7%
Tokyo Nikkei +33.4%
London FTSE +10.0%…Brexit-related issues main reason for underperformance
Frankfurt DAX +27.7%
Paris CAC 40 +22.2%
If you look at just the standard benchmark, the S&P 500, Germany, France and Japan have outperformed it.
In terms of bond yields for each nation’s 10-year security, I took the Friday before the election (11/4/16) and then the 11/8/17 close.
U.S. …1.78% (11/4/16)…2.34% (11/8/17)
Japan… -0.07%…0.01%
U.K. …1.13%…1.22%
Germany…0.13%…0.32%
France…0.46%…0.69%
Wall Street History will return in a few weeks.
Brian Trumbore
