Stock market 2015: why a lame duck Obama presidency could be good for the Dow, S&P 500

This year could be a bumper year for stocks. That’s because 2015 is the third year of President Barack Obama’s second term, and stocks typically outperform in a presidency’s third year. In the third year of Obama’s first term, the Dow Jones Industrial Average rose 5 and a half per cent. For George W Bush, the Dow rose 25 per cent in the third year of his first term, and 6 per cent in t ...