These 10 Stocks Were The Best S&P 500 Performers In 2017 When Trump Was President: Will History Repeat Itself? - Align Tech (NASDAQ:ALGN), Boeing (NYSE:BA)
- The S&P 500 experienced remarkable gains in 2017, marking one of the strongest starts for a presidency.
- Historically, specific sectors such as health care, consumer discretionary, and technology performed exceptionally well.
- Investors are strategizing based on past performance of stocks as they contemplate the impacts of the upcoming 2024 election.
In 2017, the S&P 500 experienced significant growth during Donald Trump's initial year as president, showcasing some of the highest gains typically associated with a new presidency. Various sectors such as health care, consumer discretionary, and technology, led the top-performing stocks for that year. Notably, NRG Energy and Align Technology were prominent performers, reflecting profitability that may tie into political themes surrounding Trump's administration. As the 2024 presidential election approaches, investors are monitoring historical patterns for insights on potential stock performance. This is particularly relevant as Trump campaigns for a second term, with investors considering exposure to sectors like utilities, semiconductors, and homebuilding. Moreover, with tight election predictions, investment strategies are also weighing the implications of a possible win for Trump's opponent, Kamala Harris, particularly with her focus on middle-class housing initiatives. The analysis indicates that regardless of the election outcome, defense and cybersecurity sectors are likely to gain traction due to geopolitical tensions.