Biden's stock market returns in first 100 days deemed best in 75 years
 

Yes, my stock portfolio looks very heathy. :hurray:

https://www.upi.com/Top_News/US/2021...3341619472945/

April 26 (UPI) -- The U.S. stock market has seen better returns in President Joe Biden's first 100 days in office than it has under any other president in 75 years, JPMorgan Chase analysts say.

JPMorgan analysts led by John Normand said in a note to clients that Biden's market returns are the best since at least Dwight Eisenhower's administration in the 1950s, CNBC reported Monday.

S&P 500 returns in Biden's first 100 days are nearly 25%, besting former President Donald Trump's nearly 15% returns as well as the previous record of 20% by President John F. Kennedy.

"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," said Normand, adding the results are "not bad for someone Trump labeled as Sleepy Joe during the campaign."

Art Hogan, chief market strategist at National Securities, told CNBC it will be "intriguing to see what the next 100 days look like," noting Biden was bolstered by an economy recovering from the impacts COVID-19 pandemic.

"Anyone that became president this year was going to have a pretty significant tailwind," said Hogan. "You're coming into a point where you had to just not mess things up and hopefully improve on what it was you needed to get done."

JPMorgan's analysts said that while Biden's early policies have been a boon for the market, more recent proposed policies were "no longer so unambiguously positive."
Last week U.S. markets dipped following reports that Biden was planning to hike the capital gains rate to 39.6% for those earning $1 million or more, up from the current base rate of 20%.

The analysts noted that capital gains tax rate increases in 1986 and 2013 -- when Biden served as vice president -- spurred drawdowns of about 5% between months.

Ultimately, JPMorgan said it did not expect the tax increases to lead to a significant dip in earnings under Biden.

"The view since the 2020 campaign has been that a higher corporate rate would lower S&P 500 EPS by several dollars," the analysts said. "But within a surging earnings growth environment driven by greater fiscal outlays and vaccine-driven reopening, our U.S. Equity Strategists have refreshed and expanded that original analysis this week, with no change to the year-end S&P target of 4400."

The most salient quote from the article is this: The market in the first 100 days of a POTUS is largely thanks to his predecessor, not him, so I guess you're a Trump fan now. :seasix:

Hilarious.
If the market would have tanked, you would have blamed it on Biden though.
:rofl:

Fact: Biden has done a fantastic job overseeing everything that Trump left for him.

:seasix:

Fact #2 .... Even the Democrats don't trust Biden, that is why Harris is always standing over him and why he wears a mask even on video chats.

Fact #3 . Biden is in the process of ****ing things up, and when that takes effect, the economy will magically become Trump's again.

I not a Biden fan or Trump fan. I did vote for Biden since I didn't like the alternative. Same with 2016 election, ditto, again not a fan of Hillary but voted for her. :shots:

Including increasing the cap gains tax?
Including all of the pork in the infrastructure bill?
I dunno man.
Some peeps might disagree.
I feel he is sailing straight though.

“Biden's first 100 days have already delivered the strongest post-election equity returns in at least 75 years, due to record fiscal stimulus” OP


Come on, man! WTF? Difference between nominal and real plus the only thing being stimulated, is mostly overseas manufacturing, mainly China. Yea, ‘Murcia!

You voted for Hillary, even though you were not a fan....

You voted for Biden, even though you were not a fan....

You, my friend, are a lemming...aka, a Democrat. Quit voting along party lines and quit voting for people that have spent their entire lives in political office.

The #1 problem in this nation is that politicians have elevated themselves to our leaders and not our representatives.

#2 problem, is our media propagates this propaganda

#3.....people trust the media

Yes, stimulus is a HUGE reason that the snowball is getting bigger.
Trump started it, and Biden just continued it.
You have to think that it'll keep getting bigger, as the travel, transport, and entertainment industries have yet to realize full capacity.
Rising fuel prices could put a damper on some of that, but imo, we have a bit to go before the peak.

You’re describing a bubble not a sound economy. The social consequences are becoming pretty obvious and sure to get much worse. Not something to be celebrated unless one thinks getting high on heroin is?

Oh ya.... And there's that housing bubble thing that'll implode.
This will leave the majority of people who bought a house in the past two years upside down.
It'll be foreclosure city again.
A perfect time to leave the trailer park and buy something at bargain prices.
:seasix:

Its the Obuma way,blamed Bush for all that was wrong and praised himself if there was anything good to be had.
This is Obuma's 3rd term,btw.

the ramping down of COVID was going to create an improvement. This would of happened had Jimmy Carter just got elected.

Well ya, Bush really fk'd things up and Obama did bring the economy back.
How did Bush fk it up?
Loosening credit regs for banks who gave mortgages to anyone with a pulse.
You know the rest

Trillions and trillions in spending and the OP is gloating?

Can't see the forest from the trees.

Maybe, maybe not. Looks like we are going into a currency crisis this time. Might signal another world war or such?

:seasix::cert:

From the man that said we'd never see any GDP gains north of 1.5% again? Granted he was a good speaker, but knew shit about economics.


I do believe it was Barney Frank that drove through the banking bill that led to the recession, but it is true that Bush did sign it. I don't think anyone ever claimed that Bush was a financial conservative.

Naw, that will be another land war in Europe as soon as the muslim population in France grows enough to vote themselves into power. They'll then start agitating the large muslim populations in all the other other EU countries, threatening nuclear strikes, etc. The individual EU countries will 1st have to fight off their own civil wars, to put down the muslims they let in, and then band together to defeat muslim France. There will be a nuclear exchange. 2 generations, max.