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Source: Bespoke Investment Group
The Dow Jones Industrial Average has gained 32% since President Obama took office, on pace to be the second best first year of a US President since 1900. Despite the fact that, according to Rasmussen, only 26% of the nation’s voters strongly approve of the way that Barack Obama is performing his job as President (41% of voters strongly disapprove) the stock market is going up.
It is often a mistake to try to out think the market or to allow political views to dictate investment strategy. This is just another reason that we favor managing money using dispassionate relative strength models.
AGREED…. although it took me a few months to train myself. I enjoy your firms commentary and think now more than ever that approach must be paying huge dividends. I was wondering who i can speak to there about a few topics regarding both of our trading desks. I hope all is well. Kind regards, Chris