🐱 Biden's post-election stock bump tops Trump's

https://www.axios.com/biden-trump-stock-market-comparison-ac315dcb-1f2d-44bb-8e50-4cf36e73f378.html

Stocks rose faster in the one month of trading following the 2020 election than in the month of trading that followed the 2016 election.

Between the lines: There are many macro differences between the 2016 and 2020 periods, most notably the pandemic, but both elections took place amid bull markets.

By the numbers:

• Dow Jones: +9.96% in 2020 vs. 7.77% in 2016
• Nasdaq: +11.68% in 2020 vs. 4.83% in 2016.
• S&P 500: +9.79% in 2016 vs. 5.61% in 2016.

President Trump said during this year's first debate that "If [Biden] is elected, the stock market will crash."

• Not only was he wrong, but the market has responded more strongly than it did after Trump's election.

The bottom line: The stock market's performance is not necessarily tied to conditions in the so-called real economy, nor is it necessarily correlated to whoever is measuring the Oval Office drapes.

Go deeper: Trump stock market performance eclipsed by Obama

 

[Dark Edea]

The right will be thrilled! This is good news for their portfolios.

The left will be thrilled because that is how they were told to feel.

 

[themasterlurker]

Biden isn't even president yet

 

[Troonos]

I saw "stock", "bump", and "Trump" and felt triggered that the fat retard took away my bump stock.

 

[Unassuming Local Guy]

President Trump said during this year's first debate that "If [Biden] is elected, the stock market will crash."

Not only was he wrong, but the market has responded more strongly than it did after Trump's election.

Not that I think he's right, but what kind of moron do you have to be to think that this disproves what he said? Not only has Biden not been sworn in yet, he hasn't even officially been elected yet. You can scream and cry and kick all you want, but he's not the president elect. He won't be for another couple weeks.

Also, Trump didn't say "if Biden is elected the stock market will immediately crash the next day".

This is some expert level yellow journalism.

 

[A Useless Fish]

Ah, yes! You think the stock market looks great now, just you wait until Biden shuts everything down for six weeks, ignoring the aid for smaller businesses, while bailing out Hollywood and any other mega corporation that needs a lift! The economy will be better than ever!

 

[tehpope]

Ah, yes! You think the stock market looks great now, just you wait until Biden shuts everything down for six weeks, ignoring the aid for smaller businesses, while bailing out Hollywood and any other mega corporation that needs a lift! The economy will be better than ever!

And shipping all our food over to China because they can't feed their people. But not telling the public about it and the media won't cover it.

 

[Quijibo69]

Ah, yes! You think the stock market looks great now, just you wait until Biden shuts everything down for six weeks, ignoring the aid for smaller businesses, while bailing out Hollywood and any other mega corporation that needs a lift! The economy will be better than ever!

I'm thinking it will shut down will be even longer than that. That's why I'm stocking up on can goods now.

 

[ConfederateIrishman]

Stock market went up under Trump and everything still slowly got worse and the exact same thing will happen under Biden.

 

[April Ryan]

Yes, this is all Biden and has nothing to do with the vaccine that was announced to work the day after the media declared that he "won".

 

[Elwood P. Dowd]

H1B Pajeets for Tech.
Juan Valdez for manual labor.

Profit for corps, since Biden is going to open the borders.

 

[Dante Alighieri]

According to what Democrats say about economics, this must be Trump's economy finally kicking in!