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

[Mick]

Originally Posted by Lakota

Yes, my stock portfolio looks very heathy.

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."

Can someone help me with the math here? Biden was inaugurated on Jan. 20th, so he has been President for 12 days in January, 28 days in February, 31 days in March, and so far, 27 days in April. 12+28+31+27 = 98, unless I messed that up.

I also looked up what SPY closed at on January 19th, and it was $378.65. At a current price of $417.30, I get a gain of 10.2%, pretty far from 25%.

A dividend was paid on 1/29/21 of $1.58 per share to holders of record on 12/20/20, which would not have helped an investor who believed Biden was good for the market, and bought at the close on 1/19/21.

[Rob]

Originally Posted by Lakota

Yes, my stock portfolio looks very heathy.

Let's start here since you like to play hit-n-run

What are you holding?

I know a couple of the guys on here as well as myself that spend a good portion of our time doing market research. I don't care how much you are holding, but what you are hodling.....

[Anjdog2003]

Originally Posted by Lakota

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.

In other words you're a puppet and a sheep, Gotcha

[Jeff '79]

Trump didn't want the second stimulus.
I wonder how the show would be going if he was still prez.

[Rob]

Originally Posted by Jeff '79

Trump didn't want the second stimulus.
I wonder how the show would be going if he was still prez.

You and I would be making some stupid amount of money and you know that

[Jeff '79]

Originally Posted by Rob

You and I would be making some stupid amount of money and you know that

[Giraffe (He/Him)]

Originally Posted by Rob

What are you holding?

These days? My junk.

[Mike Mercury]

Originally Posted by Anjdog2003

In other words you're a puppet and a sheep, Gotcha

you gotta understand, if they don't do these things.... they'll lose favorable status in the cult; and possibly lose the small amount of friends they have.

[Craig]

Originally Posted by Jeff '79

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

Bush tried to fix those mortgage practices that were encouraged by Freddie and Fanny...the Dems promised to fight and to label him a racist for making it harder for minorities to get loans. Eventually the Dems took the majority in the Congress...and then the economy tanked.

And no non-partisan economist credits Obama for good economic policy, his actions and regulations ensured the slow recovery...and the stock market isn’t the economy.

[Vandelay Industries]

Originally Posted by Rob

Let's start here since you like to play hit-n-run

What are you holding?

I know a couple of the guys on here as well as myself that spend a good portion of our time doing market research. I don't care how much you are holding, but what you are hodling.....

[73sbVert]

The economy struggled and reluctantly increased moderately under BHO-dumbass. IN SPITE OF Obama, not BECAUSE of Obama.

[VITE1]

Originally Posted by 73sbVert

The economy struggled and reluctantly increased moderately under BHO-dumbass. IN SPITE OF Obama, not BECAUSE of Obama.

Obama pumped 8 trillion into the economy while increasing the cost of business by regulation, HC and taxes.

Thats like stepping on the gas while you have the emergency brake on.

[Lakota]

Originally Posted by Rob

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

I'm an Independent and I don't vote party lines.

In 2016 choice was between a sleazy businessman and a sleazy politician. I vote the sleazy politician since she was in government, a New York US Senator and Sec of State. I didn't follow her closely but thought she did a decent job in both positions.

[04 commemorative]

Originally Posted by Rob

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



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.

And she is feeding him what to say in an ear piece
Hence the mask on kuntala

[Rodnok1]

Originally Posted by z06psi

Trillions and trillions in spending and the OP is gloating?

Can't see the forest from the trees.

Wait wut we don't have to pay that money back borrowed do we...?

Get Outta here with that logical thinkering.

[VITE1]

Originally Posted by Lakota

I'm an Independent and I don't vote party lines.

In 2016 choice was between a sleazy businessman and a sleazy politician. I vote the sleazy politician since she was in government, a New York US Senator and Sec of State. I didn't follow her closely but thought she did a decent job in both positions.

No one will really understand politics until they understand that politicians are not trying to solve our problems. They are trying to solve their own problems - of which getting elected and re-elected are number one and number two. Whatever is number three is far behind.

Thomas Sowell
Thomas Sowell (2011). “Dismantling America and Other Controversial Essays (Large Print 16pt)”, p.88, ReadHowYouWant.com

[04 commemorative]

Originally Posted by Rob

Let's start here since you like to play hit-n-run

What are you holding?

I know a couple of the guys on here as well as myself that spend a good portion of our time doing market research. I don't care how much you are holding, but what you are hodling.....

I refuse to hodling

[Craig]

Originally Posted by VITE1

No one will really understand politics until they understand that politicians are not trying to solve our problems. They are trying to solve their own problems - of which getting elected and re-elected are number one and number two. Whatever is number three is far behind.

Thomas Sowell
Thomas Sowell (2011). “Dismantling America and Other Controversial Essays (Large Print 16pt)”, p.88, ReadHowYouWant.com

The political parties are marketing firms. The number one goal of a marketing firm is to gain market share, the quality of the product doesn't matter, only the number of people buying it.

[VITE1]

Originally Posted by Craig

The political parties are marketing firms. The number one goal of a marketing firm is to gain market share, the quality of the product doesn't matter, only the number of people buying it.

I voted for Trump for a few reasons
He was hated by the Republican old guard, he would put Constitutionalists in the SCOTUS and he knew that tax revenue was driven by GDP vs tax rates.

I also liked that he was a bull in a China shop but he went too far and alienated to many while giving his enemies more ammo.

[NotSlo]

Originally Posted by Lakota

I'm an Independent and I don't vote party lines.

In 2016 choice was between a sleazy businessman and a sleazy politician. I vote the sleazy politician since she was in government, a New York US Senator and Sec of State. I didn't follow her closely but thought she did a decent job in both positions.

and you were dead ****ing wrong