President Kennedy did not have much
opportunity, as he was assassinated during his third year in office.
The mid-term election year of 1962 found a classical stock market bottom.
As you can see, the stock market bull was not disturbed with the
assassination of a U.S. president, contrasting with its normally bearish
response several decades earlier.
The DJIA Index moved incongruently to
historical standards in the post election year in 1961, which
uncharacteristically demonstrated bullish expressions. The balance of the
years in this presidential election cycle were congruent with historical
standards. The mid-term election year of 1962 found a market bottom with bullish
expressions in the pre-election and election years of 1963 and 1964,
respectively..
The market was not that impressed with the
Telstar communications satellite, although the bullish expressions leading
up to it and John Glenn's orbit was influential. The recognition of the
discovery of DNA was the beginning of biotech wonders.
As usual a war was bullish for the stock
market and the economy. Politicians were increasingly interested in this
strategy as a vote getting mechanism. The populace tends to support an
incumbent president during war.
