How has Biden affected the stock market?
The S&P 500, the broadest measure of the stock market, has gained 16% under Biden, several points behind Trump and Obama’s roughly 24%. After the first year under a Democratic president, the index is up 77% of the time, rising 8.5% on average. WHERE ARE SURGING CONSUMER PRICES HITTING AMERICANS THE HARDEST?
How has the NASDAQ performed since Biden takes office?
The Nasdaq's performance has been less spectacular, especially in recent weeks, when rising bond yields helped push the index into a correction. Still, the tech-heavy index has gained over 6% since Biden took office.
Is Biden's honeymoon with the stock market over?
New York (CNN Business) President Joe Biden's honeymoon with the stock market is over. After soaring in Biden's first year in office, markets are off to a dreadful start to 2022. Worries about the Federal Reserve's plan to fight inflation have driven the S&P 500 down 9% so far this year -- all three and a half weeks of it.
Is Joe Biden buck-passing on inflation?
That kind of buck-passing by Biden has become a predominant theme of his administration. Meanwhile, with inflation fears worsening everything, Biden once again chose to mislead people. Joe Biden: "There's nobody suggesting there's unchecked inflation is on the way.
China tries to avoid a major slowdown
China keeps slashing lending rates as authorities ramp up their efforts to stave off a sharp economic slowdown.
Why Netflix is raising prices
Netflix (NFLX) reports fourth quarter earnings on Thursday and all eyes will be on the streamer’s subscriber growth. But there’s also something new for investors and industry observers to wonder about: Netflix (NFLX) raising its prices.
Up next
American Airlines, Baker Hughes, Travelers and Union Pacific report earnings before the opening bell. Netflix is up after the close.
Strategist: Fed needs to protect economy, not the stock market
New York (CNN Business) President Joe Biden's honeymoon with the stock market is over.
Americans are more exposed to market turmoil today
It's true that the fortunes of the rich are more closely tied to the stock market than the middle class, whose wealth is linked more to home values, which are way up during Covid.
Markets have been 'quite complacent'
The good news is that stocks haven't yet fallen sharply enough to alarm economists.
Why the Fed isn't freaking out
Fed officials, gathering for this week's regularly scheduled policy meeting, are likely not freaking out about the market turmoil. At least not yet.
What are the metrics of a president?
Some metrics are measured daily (like stock market performance), monthly (like jobs growth) and quarterly (like GDP growth). We start measurement of performance for a president from the first full time period after their inauguration. For stock market performance, it is the first stock market day in office. For jobs growth, it’s either first full calendar month in office (so if you are inaugurated in the middle of January, the first full month is February). This ensures a consistent starting point across all presidencies.
How often do we capture stock market data?
We capture the data as soon as it’s available to us – stock market data after daily market close, jobs data once a month and GDP data once a quarter. After verifying the raw data, we then calculate updated cumulative and annualized performance data for the current president (the data for previous presidents have been calculated and verified in advance).
Who said there's nobody suggesting there's unchecked inflation is on the way?
Joe Biden : "There's nobody suggesting there's unchecked inflation is on the way. No serious economist."
Is it capitalism's fault that the stock market is tumbling?
It is not capitalism’s fault that the stock market is tumbling. Rather, it’s the fault of an incompetent, overbearing government that may or may not arbitrarily decide to crush the economy again. That kind of buck-passing by Biden has become a predominant theme of his administration.
Does Biden have a coherent message?
Of course, Biden’s lack of a coherent message also eschews the fact that the vaccine and natural immunity protect against the Delta variant when talking about symptoms and the risk of serious illness and death.
What are the metrics of a president?
Some metrics are measured daily (like stock market performance), monthly (like jobs growth) and quarterly (like GDP growth). We start measurement of performance for a president from the first full time period after their inauguration. For stock market performance, it is the first stock market day in office. For jobs growth, it’s either first full calendar month in office (so if you are inaugurated in the middle of January, the first full month is February). This ensures a consistent starting point across all presidencies.
How often do we capture stock market data?
We capture the data as soon as it’s available to us – stock market data after daily market close, jobs data once a month and GDP data once a quarter. After verifying the raw data, we then calculate updated cumulative and annualized performance data for the current president (the data for previous presidents have been calculated and verified in advance).
A Change in Direction
Interest Rates and The Economy
- The Federal Reserve (the Fed) demonstrated its commitment to help keep the economy on track as the pandemic continued. It maintained a so-called zero interest rate policy throughout 2021, and for much of that time, Fed chair Jerome Powell insisted that it would remain in place throughout 2022. The Fed also maintained a policy of purchasing $120 billion in Treasury and m…
The Market’S Response
- The markets benefited from a strong economy in 2021 that kept corporate profit growth, a major driver of stock price activity, moving in a positive direction. For the year, the S&P 500, a benchmark of large U.S. stock performance, gained 28.7%. Other parts of the market also performed well but modestly lagged the returns of large-cap stocks. The S&...
Positioning Portfolios For 2022
- Regardless of policy initiatives that are put forward in 2022, it’s important to keep a big-picture perspective. U.S. Bank investment strategists still envision a two-track investment horizon. We remain in the first horizon, characterized by a recovering economy and ongoing concerns being raised by the COVID-19 pandemic. At some point, we should evolve into the second horizon, clos…