It didn’t take much more to improve the investment climate in America than a more business-friendly resident in the White House.
The Dow just put up its best post-election year return since 1945. Remarkable considering how little Trump and the GOP-led Congress have accomplished, but not so surprising when you consider that the greatest post-election year return in Dow history came while Calvin Coolidge was president. Coolidge was a hands off, business friendly president. He once famously said “The chief business of the American people is business.”
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Jeremy Jones, CFA
Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.
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