So far in his young presidency, President Joe Biden has been one of the best friends the stock market has ever had.
“Biden’s first 100 days have already delivered the strongest post-election equity returns in at least 75 years, due to record fiscal stimulus and despite heavy use of Executive Orders,” JPMorgan Chase strategist John Normand said in a note. The results are “not bad for someone [former President Donald] Trump labeled as Sleepy Joe during the campaign.”The S&P 500 has risen 24.
To be sure, judging results that early in a presidency is tricky. In Biden’s case, it’s especially difficult to gauge whether the market was reacting to him specifically or simply continuing to ride the steam locomotive that began in late March 2020 and has shown only sporadic signs of slowing down since.
On top of that, the U.S. is still vaccinating about 3 million people a day, adding hopes that growth will continue as more of the economy comes back to life ahead. Markets have continued to push higher even knowing that Biden has pinned a bull’s eye on the nation’s richest earners as well as corporations, with both groups expected to see substantially higher tax bills ahead.All that stimulus has resulted in a $1.7 trillion budget deficit through just the first half of fiscal 2021, raising concerns over how all that red ink will be financed.
Thanks Biden.
That’s thanks to President Trump
This is false. My 457 hasn’t even had 4% growth since his inauguration. I averaged 23.5% annually under Trump. Time will tell.
It should be' It only cost 50 millions peoples their lives. HE IS NEXT TO THE BIGGEST MASS MURDERER IN THE HISTORY OF ANY MAN LIKE HIM. In the book of Enoch:
BiDeN WiLl cRaSh tHe eCoNoMy
Making up for what will be paid in capital gains tax.
A potato would have had the same numbers.
말은 잘하시나 -해결방법?은 둔하시네요 노대통령--기회의 불균형 계층이동의 기회상실--이라네요- 의 완화책 당분간 금액에의한 할당제를 해보세요 필요조건-각집안 떳떳한 인재를 양성해보세요--인문과학에 큰효과를 볼듯 꼭돈(발통가격)을내시고 해보세요 -불법물품
More pro-Biden bullshit, it wasn't him or anything he did, things are opening back up so of course markets are getting better, daffy duck could be the president and this still would have happened. But nice try.
LauraWalkerKC Witnessed is right.
Thanks President Trump!!!
Tell Trump, to learn from President Joe Biden how to govern and manage the economy...... 🤣😁😁😁
Love my legitimate PRESIDENT; tfg really sucked. Really.
A******,G******,M************ Trump, are you listening? F*** Y** F********!
blue sun
This is a little dishonest. He really hasn’t done anything to make the market jump. Stats are loosening restrictions and Oriole are going back to work. That’s what’s causing the jump.
“The point of journalism is to hold people in positions of power accountable.”
cc: Donald J. Trump
Yup an idiot once said the markets will crash if he wasnt re-elected.
The stock market is STILL not the economy. But I gotta wonder about all those guys (they were always guys) who blew off any evil from tfg with 'how's your 401K?'
Wait...It was Obama’s economy until Covid hit but just 100 days in, it’s Biden’s stock market?
😂😂😂😂😂😂
TRUMP'S stock market
Trump will take credit
Oh
if biden was like the former guy
So the wealthiest Americans have no legitimate reason to complain .
DonaldJTrumpJr
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