Entering Monday, the S&P 500 advanced just 13.2% since President Joe Biden took office in January 2021. That marks the second-worst performance during a president’s first 1,022 calendar days in office since former President Jimmy Carter, according to CFRA Research. The struggles in the market are largely linked to high inflation, which has caused the Federal Reserve to launch a barrage of punishing interest rate hikes.
Slammed by the Fed’s all-out war on inflation, the S&P 500 is down 20% this year, on track for its worst year since 2008. The underperformance of the stock market under Biden matters because many Americans have exposure to stocks, either directly or indirectly in their 401 and pension plans. This year’s selloff has wiped out trillions of dollars from nest eggs, 401 plans and college savings plans. The market turmoil is also denting consumer confidence.
It’s headlines like this that get uninformed people act like Bipolar voters , who flips every 2 years based on their mood and news like this. The last president equates the stock market with the economy so much that he bullied the fed into keeping interest rate at 0 & unempl hi
The stock market is not the economy. A small % of Americans invest in stocks.
Poor babies. He’s created 10 Million jobs
And she smelled lovely.
Wow. And people thought my segments were bad.
What the fuck is this stat? This is so obscure.
Record Highs Set in 2022 The Dow started 2022 with a flourish, breaking closing records in the first two trading days of the year. The most recent record closing occurred on Jan. 4, when the index closed at 36,799.65, blowing past the all-time high closing 36,585.06 just day b4
Such fine footsteps to be following
I'm just glad Carter is still around to see that he's no longer the worst president of all time.
Which other president contended with a global pandemic & global economic crisis, but still managed to grow the S&P 500 by double digits? NO other president was operating under the same conditions. We need to stop wealthy oligarchs from buying media outlets & shoveling this shit.
BS.
This is why I stopped watching CNN a year ago.
Get his pathetic, Alzheimer’s ass out.. it’s embarrassing that’s the only guy we can find to run our country. Billionaires made that happen..
Lol at the comment section, is the truth painful or what?
And I thought Fox News had the edge on terrible news reporting. As has been pointed out in many posts to this article, there are many problems with the way 'facts' are presented. And on the eve of the election? Note: I watch CNN a lot so this is extra disappointing.
Don't worry Biden CNN will always have your back.
Come on. Be fair to Joe. Do you have any idea how much had he advanced Nancy couples' portfolio ? POTUS SecBlinken DeputySecState SpeakerPelosi SecRaimondo SecDef jakejsullivan PressSec SecYellen StateDeptSpox
1022 days?
Que all the folks with no $$$$$$$ in a 401k or anywhere else to tell us 'it just ain't so!'
VOTE RED TODAY! Democrats have done enough damage !
Cnn turned republican - shameful - not real news
U guys knew for long but kept pushing him and giving fake stats to tell Americans they had a good president.... Midterm elections is here and we kicking out the Dems. Who aren't serving this country... America first. It's going to be a Red tsunami
I think you need to fact check the amount of days he’s been in office. This is a horrible day for you to f up like this. Whoever did this needs to be fired ASAP.
🖕
oh no…the rich didnt get richer fast enough…
Welcome, everyone to CNN - the new Fox News!
We had a pandemic! And the entire world is experiencing high inflation. The supply chain issues continue globaly. Vote! But don't expect your party or any one government to be able to fix this.
I wound fact check this … he’s probably the worst
Which is why every True American should not vote for a single Democrat tomorrow.
He hasn't even been in office for 1,022 days. There are only 365 days in a year. He was sworn into office on January 20th, 2021, so it hasn't even been 2 years yet, which would only be 730 days.
During a global pandemic
Hhmm.. BIDEN🇺🇸 took Office on Jan. 20, 2021.. Then, there was no pandemic during the time of Carter. There was no senseless War, no evil-putin murdering Civilians of UKRAINE🇺🇦.. No comparison here with Carter.
Does CNN have a new agenda? Changing hosts and shows and now posts like this on election day KeithOlbermann