Dante
"The Libido for the Ugly"
Here we get a look: A final look at how the U.S. stock market performed under Joe Biden.
It's incredible how great Biden has been. There are numbers in the linked article. People who care to have an objective look at things...
It's incredible how great Biden has been. There are numbers in the linked article. People who care to have an objective look at things...
To be sure, Biden’s presidential term began in 2021 with an escalation of the COVID-19 pandemic and an economic downturn. The major stock averages still posted double-digit returns by the end of that year, as the global economy began its recovery from the pandemic, while the Federal Reserve maintained supportive monetary-policy measures first implemented in early 2020.
But in 2022, Wall Street suffered its worst year since the 2008-09 financial crisis amid Russia’s invasion of Ukraine, while the U.S. economy grappled with soaring inflation and higher interest rates.
Then in 2023 and 2024, a tech-fueled earnings recovery and the artificial-intelligence frenzy propelled U.S. stocks to historic levels. The S&P 500 scored back-to-back double-digit annual gains by the end of 2024 — and is now kicking off its third year in a bull market.