By: Mat Lystra, Sr. Research Analyst
Theodore Roosevelt reveled in the power of the Presidency as a persuasive force, calling it the “bully pulpit”. A century later the US Presidency is still arguably the most influential position in the world. But how much influence does the President have over the economy, and in particular, the stock market? There’s a wide body of research that explores those questions and the general consensus seems to be: perhaps some, but not much.