Bidens Stock Market is almost identical to Trumps

The victories for President Joe Biden continue to add up towards next week’s State of the Union address. The American rescue plan. The Infrastructure Act 2021. The Inflation Reduction Act of 2022. As impressive as those achievements are, perhaps the most amazing is what has happened in the stock market. Yes, the stock market.

Despite entering a bear market last year, the S&P 500 index is up 24.1% since Election Day in November 2020. Remarkably, under Donald Trump, a president with a reputation for market-friendly policies, the S&P 500’s performance didn’t improve much between Election Day in November 2016 and the same point in his administration, with a 26.5% gain. And while the Dow Jones Industrial Average and Nasdaq Composite Index fared better under Trump, Biden let him beat the New York Stock Exchange Composite Index.