If stocks end lower on the year, it would be highly unusual statistically for a negative outcome in the third
year of a presidential term.
Franklin Templeton Fixed Income Group covers US trade worries, potential removal
of presidential term limits in China, the Italian election aftermath and more in this month's Global Economic Perspective.
He highlighted the contrasting recent developments in China and the United States: Xi has successfully overseen the
removal of presidential term limits in the constitution, while President Donald Trump continues to enact unpredictable foreign policy measures toward US allies and adversaries alike.
Former President John Agyekum Kufuor has reiterated his call for an
extension of the presidential term arguing, the four - year term is not enough to make a meaningful impact as President.
One of the highly experienced politicians in Ghana's political history, who studied at the feet of great men like Kofi Abrefa Busia, Victor Owusu, perfected their arts, corrected their mistakes and rose to become the «successful leader of the Danquah - Busia - Dumbo tradition» by serving as President of Ghana, has repeated his call for an extension
of the presidential term arguing, the four - year term, is not enough to make a meaningful impact as President.
U.S. Term Limits President Philip Blumel hailed the 61st anniversary of the
passage of presidential term limits today, releasing the following statement: «61 years ago, the state of Minnesota became the 36th out of the then 48 states to ratify the 22nd amendment to the United States Constitution, which limited Presidents to two 4 - year terms.
Within two months of the date of the first public hearing, the Convention was required to report and make recommendations on two preliminary matters, namely, the
reduction of the presidential term of office to five years, and the reduction of the voting age from 18 to 17.
Although the Twenty - second Amendment was clearly a reaction to Franklin D. Roosevelt's service as President for an unprecedented four terms, the
notion of presidential term limits has long - standing roots in American politics.
If the Paris agreement takes legal force this year, it would be difficult for the U.S. to withdraw from it before four years have passed — the
length of a presidential term.
The
removal of presidential term limits — and the erosion of similar norms on the more important titles of Communist Party general secretary and chairman of Military Commission — have dealt a massive blow to the institutionalization of China as a constitutional autocracy.
U.S. Term Limits President Philip Blumel hailed the 61st anniversary of the
passage of presidential term limits today, releasing the following statement:
Stovall said if the market ends down this year, it would only be the second time since World War II that the third year
of a presidential term was negative.
This infographic shows how the U.S. market performs in each year
of a presidential term — and specifically, how the market does in election years.
Many argue that we are heading into a good time for the markets in the third and fourth year
of a presidential term.
For the most part, bear markets have historically occurred during the first or second years
of presidential terms.
As can be seen, three of the 16 bear market lows occurred in year one
of the presidential term, 12 in year two, one in year three, and none in year four (the election year).
The Bernanke floodgates are open, we're in the third year
of a presidential term, the economy is expanding and the equity markets are not that overvalued after all so why would we have a market downturn?