How the stock market’s performance under Biden is worse than under Obama and Trump — in one chart

U.S. stocks so far haven’t fared as well under President Joe Biden as they did in Donald Trump’s first term or in either of Barack Obama’s two terms.

“With the 2024 election in sight, the disparity in cumulative equity return generated so far under the Biden administration compared to the superior return trajectory delivered by the Trump and Obama presidencies could cause some concern,” Lawlor wrote. “Electoral cycle logic points to the Biden administration doing its utmost to ensure that the gap closes next year.”

“The markets are going to go up and down. The main measure that the president has about the state of the economy is, how are middle-class families doing?” said Bharat Ramamurti, deputy director of the White House’s National Economic Council.

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