ADVERTISEMENT
Here's what you need to know
Today we are not merely transferring power from one administration to another, or from one party to another
donald trump
ADVERTISEMENT
Recommended articles
Still, after the president took the oath of office at the US Capitol, the Dow sank by as much as 70 points before recovering. The S&P 500 and Nasdaq also started sliding as Trump began his speech.
Meanwhile, the Mexican peso surged.
First up, the scoreboard:
ADVERTISEMENT
1. Donald Trump was inaugurated as the 45th president of the United States.
The median S&P 500 performance for both parties one year after inauguration is 7.6%. It's -7% for Republican presidents, and 14.7% for Democratic presidents, according to tAlpha Hat.
ADDITIONALLY:
Here's how much debt the US government added under President Obama.
ADVERTISEMENT
President Obama made one of history's greatest stock market calls in March 2009.
TRUMP'S ENERGY PLAN: "We must take advantage of the estimated $50 trillion in untapped shale, oil, and natural gas reserves."
Democrats wore "Protect Our Care" pins at the inauguration to protest the repeal of Obamacare.
MORGAN STANLEY: A "correlation crash" is happening in the markets.
The stock market is booming, but Trump can't take all the credit.
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
8 ingenious tips to merge PDF files more efficiently
10 most powerful African passports in 2024
UK sends first voluntary asylum seeker to Rwanda
FCMB Group records 186% profit growth, proposes 50k dividend
Accounting with a Purpose - Moracle Ghana CEO has simplified accounting for small businesses and nonprofits
10 African countries with the lightest debt burden in 2024
Sale of African skulls in a British museum comes to light
Coinremitter claims to be a leading crypto payment gateway in the market
