The Biden stock market is swamping Trump’s. Trump famously predicted that “the stock market will crash” if Joe Biden became president. Since Biden took office, the S&P 500 stock index has risen a healthy 40%, capped by a five-month rally that kicked off last October and is still underway.

14 comments

1. Yeah but look at #djt

2. The tank is coming

3. Again, only the wealthiest are truly benefiting from record S&P numbers. Way to go Joe!

4. That my PRESIDENT !!! Every freaking depression or recession was caused by a republican elected president , and a democrat PRESIDENT had to take care of the mess they “republican” created#bigFACTS.

5. The stock market is totally fueled by inflation.

   The Fed is printing money at a racer rate and giving that money to the Plutocracy screwing the “rest of us”.

   Why is my IRA losing value? Don’t give me that crap about how wonderful the stock market is.

6. Yes, Biden has been president during a surging market. But any objective observer will note that it was because of potential rate cuts, not because of who’s president (this goes both ways, of course). The up move started in November and coincided with Powell suggesting the Fed would cut rates three times in 2024. But now that inflation has proven to be stickier than thought five months ago, the potential for any rate cuts this year is all but gone. And the market has been selling off the past couple of weeks because of this. That all could change if PCE comes in below target this week, but it’s looking like that will come in a little hotter as well. More selling is probably on the horizon.

7. It’s too bad the threads are politically charged when in fact the president has very little to do with the direction of the economy.

8. has anyone else see gas is going up again? 2-weeks ago I paid $3.16 now it’s at $3.39 so much for using our reserves

9. Ive never heard the term “swamping”

10. Biden’s actually done a really good job. I’ve been pleasantly surprised throughout his presidency

11. All this tells me is he made the wealthy, wealthier. Where’s the wealth tax Biden?!! All talk no action.

12. I didn’t vote for him, but credit where it’s due.

13. The stock market is sinking because of decades of malinvestments done with trillions of cheap money being printed by the Fed.

14. Corporate profits are up but Americans are paying 20 percent more for things they need.