President Donald Trump is nearing his 100th day in office, but whether we’re on day 97, 107 or 407, the search for the best mutual funds during his term requires a big-picture view on the market and business cycle, rather than a focus on politics.
Yes, Trump can move markets in the short-term just by tweeting about trade relations or tax reform, but in the long-term, you’d be amazed at how little actual impact presidents have on stock and bond prices.
It’s certainly less than the talking heads would have you believe.
Stock prices are at record highs now and appear to have momentum, but Trump’s entry into the White House isn’t the best of timing, in terms of market cycles. Within his first 100 days, the bull market reached the ripe old age of eight years, and rising interest rates mark the mature phase of the business cycle. Therefore it is wise to expect a bear market sometime before 2020, when Trump’s first term in office comes to a close.
With that backdrop, here are three of the best mutual funds to hold for the rest of Donald Trump’s term: