100th day in office is this Thursday, and the stock market is on pace to record its best start to a president’s term since that of
Franklin D. Roosevelt
in 1945. The
S&P 500 index
is up nearly 9% since inauguration day, trailing FDR’s fourth term by about a percentage point.
Of course, there are a multitude of influences that determine what the stock market does over any period, and the impact of any particular president or another is debatable. Continued easy monetary policy,