The second-biggest surge was from late 1960 to early 1961, when John F. Kennedy defeated Richard Nixon, and the S&P 500 rose 8.8%. The market continued to rally during JFK's first 100 days in office, rising another 8.9%.The current Biden market surge represents the second time in a row that Wall Street has cheered a new president: Stocks gained more than 6% in the election to inauguration period after Donald Trump beat Hillary Clinton in 2016.
Small cap stocks have also outperformed the S&P 500, a move that makes sense considering that smaller companies have more exposure to the US economy compared to the large multinational firms that dominate the Dow and S&P 500.The Biden boost is also in stark contrast to how stocks performed the previous two instances a new president was coming into power during tumultuous economic times.The S&P 500 fell more than 6% in late 2000 and early 2001 after George W. Bush defeated Al Gore.
Trump's metric for how great the economy was during his Administration was the Stock Market. Now we see the Stock Market has done better under Biden than under Trump. According to Trump that makes Biden the better President. Case closed.
And today ?
and nothing to do with the vaccinations
I bet that fact really pisses POTUS off since all he ever cared about was the stock market! He said it would crash if JoeBiden was elected, and again he was wrong! BeGone
Biden and Harris didn't even take office yet and already they are playing the race card, illegals are marching to the border, Iran is acting cocky and confident, China is acting dominant
You mean post-vaccine release?
Ok but to me this makes no sense. This man literally didn’t do anything and the cnn is already praising him. Both parties are retarded holy
Which coincides with the Covid vaccines announcement. That’s the reason for the market increase.
Gods would I love to see the end of the stock market in my lifetime
It’s as if markets like stability.
Clearly a result of the policies implemented by the Harris/CNN administration. She’s doing a wonderful job. So stop you’re hating. I can’t wait to see what other great things we can expect. Maybe a vaccine for racism. If we have another pandemic Kamala will do a much better job
CNN viewers, your jobs started leaving for China, as their economy is open, while you watch fake news from the sofa, vote remotely and wait for the 1.9T package in the mail.
THANK YOU TRUMP! None of you fucks will say it so I will. THANK YOU PRESIDENT TRUMP! can’t wait to see the market crash here soon
Fuck you liar s at CNN starting the propaganda for pure evil. We the people are now fully awake.
It won't last long
CNN van we drop Trump from the news now. We are so very tired of the constant, unrelenting Trump 24-7.
The $ was collapsing while Trump was in office and it will do so with Biden. And when it dies so will the markets. Especially with the $ having no limits to how much can be 'printed.' Markets are owned by banks not presidents.
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