Comparison of U.S. Stock Market Performance Under Presidents Biden and Trump
The U.S. stock market has seen a 34% gain under President Joe Biden since his inauguration in 2021, outperforming the performance under former President Donald Trump at the same stage in his term. Both presidents have limited influence on market movements, with factors like COVID-19 and bipartisan support for stimulus packages driving market reactions. Biden and Trump have been exchanging jabs over stock market performance as the 2024 White House race nears.
Key Points
- Markets show a 34% gain under Biden compared to 6% under Trump at the same stage in their terms
- Biden and Trump have exchanged jabs over stock market performance
- Factors like COVID-19 and bipartisan support for stimulus packages drive market reactions
Pros
- U.S. stock market has seen a 34% gain under President Biden since his inauguration in 2021
- Bipartisan support for COVID stimulus has positively impacted market performance
Cons
- Presidents have limited influence on market movements
- Market reactions are heavily influenced by external factors like COVID-19