We could very well see a big downturn in the economy stemming from a struggling stock market in the near future, and it could very well be because of President Obama.
Without even trying, Obama could be poisoning the economy right now.
And if history is any guide, the consequences could be devastating…
We’ve finally found ourselves on the doorstep of the final year of Obama in the White House. And whether his exit will be welcomed with open arms by you or not, his remaining time in charge could be accompanied by some bad news.
But to be fair, what I’m talking about doesn’t have anything to do with any Obama policy or legislation. And it also doesn’t come from fear of the next Commander in Chief, whether it’s Clinton, Trump, or anyone else.
It’s all due to the fact that the stock market often suffers in the 4th year of any presidential term, and even more so when it’s the 4th year of a president’s second term.
Please allow me to explain…
As we all know, presidents and/or their parties will do just about anything to get re-elected or stay in office. And once elected, that president quite simply has to “swallow his medicine” in the first year of the new term.
Traditionally, the stock market has its strongest performance in the third year of the term, but then has its worst performance in the final year of the 4-year term, as anticipation for that swallowing of medicine awaits.
And those results are exaggerated for second-term presidents.
So while we all sit on the edge of our seats looking for news on the Fed raising rates or China’s economy, more and more poison is being seeped into the stock market by Obama’s final year…
