### Comment:
because the president generally has a low amount of influence over the growth of the s&amp;p overtime?

### REPLY:
You’re not seeing growth, you’re seeing volatility. If we are at a constant average and volatility is introduced, then you can reach new highs, it’ll just be coupled with stronger lows. The average remains the same, volatility just increased (which the president can DEFINITELY effect as we’ve seen)

### END.