Biden’s post-election stock market bump is easily beating Trump’s

The Biden era is off to a roaring start on Wall Street, even surpassing the euphoria following President Donald Trump’s upset victory in 2016.

The S&P 500 has surged 10% since Election Day to all-time highs. That nearly doubles the 5.5% rally during the same post-election period in 2016.

The Nasdaq, lifted by high-flying tech stocks including Amazon and Zoom, is up a stunning 15% since November 3. That almost triples the Nasdaq’s 5% post-election bump of four years ago.

Those are impressive returns, especially considering Trump repeatedly warned stocks would “crash” if Americans failed to reelect him. That has hardly been the case, at least so far.

Even though President-elect Joe Biden might have (very) early bragging rights, Wall Street’s post-election celebration is not solely — or even primarily — about Biden’s victory. Instead, the gains are being driven both by a sense of relief that nightmare election scenarios were avoided and, perhaps most importantly, that vaccines will hopefully help end the pandemic.

Biden’s post-election stock market bump is easily beating Trump’s

“Certainly, there were a lot of concerns prior to the election that it could lead to social and political unrest,” said Ed Yardeni, president of investment advisory firm Yardeni Research. “There have been no riots in the streets. The market focused on the fact that the constitutional system still works.”

GOLDILOCKS FOR STOCKS
Investors are also relieved that neither party will have free reign to impose sweeping new policies in 2021. The “blue wave” didn’t materialize and Republicans unexpectedly gained seats in the House of Representatives.

Unless Democrats sweep both January runoffs in Georgia, the GOP will retain control of the Senate. Even if Democrats win those Georgia races, they will hardly have a supermajority, although with a 50/50 split, Vice President-elect Kamala Harris would cast the deciding vote to break any deadlocks.

“All of this suggests that the more extreme ideas, on the left or the right, won’t become law. That’s being celebrated,” said Michael Arone, chief investment strategist at State Street Global Advisors.

https://www.vlive.tv/post/1-20527552
https://www.vlive.tv/post/0-20520634
https://www.vlive.tv/post/1-20527585
https://www.vlive.tv/post/1-20527596
https://www.vlive.tv/post/1-20527609
https://www.vlive.tv/post/1-20527618
https://www.vlive.tv/post/1-20527637
https://www.vlive.tv/post/1-20527647
https://www.vlive.tv/post/0-20520715
https://www.vlive.tv/post/0-20520726
https://www.vlive.tv/post/1-20527681
https://www.vlive.tv/post/1-20527698
https://www.vlive.tv/post/1-20527705
https://www.vlive.tv/post/1-20527716
https://www.vlive.tv/post/1-20527730
https://www.vlive.tv/post/0-20520772
https://www.vlive.tv/post/0-20520839
https://www.vlive.tv/post/0-20520861
https://www.vlive.tv/post/1-20527811
https://www.vlive.tv/post/0-20520878
https://www.vlive.tv/post/0-20520887
https://www.vlive.tv/post/0-20520900
https://www.vlive.tv/post/0-20520923
https://www.vlive.tv/post/1-20527859
https://www.vlive.tv/post/1-20527865
https://www.vlive.tv/post/1-20527874
https://www.vlive.tv/post/0-20520958
https://www.vlive.tv/post/1-20527891
https://www.vlive.tv/post/1-20527899
https://www.vlive.tv/post/0-20520993
https://www.vlive.tv/post/0-20521011
https://www.vlive.tv/post/1-20527929
https://www.vlive.tv/post/1-20527945
https://www.vlive.tv/post/1-20527966
https://www.vlive.tv/post/0-20521069
https://www.vlive.tv/post/0-20521075
https://www.vlive.tv/post/0-20521090
https://www.vlive.tv/post/0-20521099
https://www.vlive.tv/post/1-20528030
https://www.vlive.tv/post/0-20521116
https://www.vlive.tv/post/1-20528037
https://www.vlive.tv/post/1-20528044
https://www.vlive.tv/post/1-20528069
https://www.vlive.tv/post/1-20528076
https://www.vlive.tv/post/0-20521162
https://www.vlive.tv/post/1-20528099
https://www.vlive.tv/post/0-20521193
https://www.vlive.tv/post/1-20528111
https://www.vlive.tv/post/1-20528216
https://www.vlive.tv/post/1-20528228
https://www.vlive.tv/post/1-20528235
https://www.vlive.tv/post/0-20521330
https://www.vlive.tv/post/0-20521337
https://www.vlive.tv/post/1-20528251
https://www.vlive.tv/post/0-20521348
https://www.vlive.tv/post/1-20528263
https://www.vlive.tv/post/0-20521357
https://www.vlive.tv/post/1-20528270
https://www.vlive.tv/post/0-20521374
https://www.vlive.tv/post/1-20528288
https://www.vlive.tv/post/0-20521390
https://www.vlive.tv/post/1-20528299
https://www.vlive.tv/post/1-20528318
https://www.vlive.tv/post/1-20528324
https://www.vlive.tv/post/0-20521436
https://onlinegdb.com/r1p8moQaw
https://paiza.io/projects/hC8PCCdRRv9rMWNLire5aQ?language=php
https://jsfiddle.net/kepinajach/x5paue64/
https://steemkr.com/joebiden/@dylanpros/president-elect-joe-biden-sends-very-special-christmas-message-from-his-two-dogs
https://steemkr.com/joebiden/@dylanpros/joe-biden-spends-christmas-at-delaware-and-trump-in-mar-a-lago
https://webhitlist.com/forum/topics/joe-biden-bets-on-old-allies-to-help-him-confront-new-crises
https://caribbeanfever.com/photo/albums/this-is-the-statement-of-president-elect-joe-biden
https://minimore.com/b/mznc9/1
https://www.milesplit.com/discussion/187837
https://note.com/alberta/n/ndec438c7be7a
https://blog.goo.ne.jp/albertajach/e/cff378ffa8ccb80ade07addbec236578
http://www.easymarks.org/link/149849/group-of-150-house-democrats-urge-joe-biden-to-rejoin-iran-nuclear-deal
http://recampus.ning.com/profiles/blogs/president-elect-joe-biden-doesn-t-need-the-gop-s-permission
http://sfbats.ning.com/profiles/blogs/joe-biden-can-be-the-president-for-middle-class-workers-and-all
https://www.topfind123.com/site/49239/hunter-biden-still-owns-10-stake-in-chinese-private-equity-firm
https://www.88posts.com/post/287804/hunter-biden-is-finally-divesting-from-chinese-owned
https://ideone.com/TpOvYJ
https://controlc.com/5e492e91
https://pastebin.com/Mn0DXKLT
https://paste.ubuntu.com/p/yMVtgSj22P/
https://pastebin.freeswitch.org/view/ea4b7ed1
https://paste.by/NmAvcsVjT2
https://paste.centos.org/view/8378b7c1
https://paste.ee/p/9LRZe
https://p.teknik.io/Kvvz0
http://pastebin.falz.net/1840093
https://paste.ofcode.org/HjnhPEpgXUEDJuNZMZb6aq
https://www.pastery.net/rcxnqz/
http://paste.debian.net/1178308/
https://paste.laravel.io/ed328ca7-780f-43cd-bff5-4bc2fbbfeff3
https://0paste.com/121077
http://paste.jp/21e92d58/
https://paste2.org/F9GA63ds
http://www.mpaste.com/p/7HfF
https://paste.in/0DotPF
https://paste.firnsy.com/paste/yIXJjRkpY0F
https://paste.feed-the-beast.com/view/f23620c0
https://www.heypasteit.com/clip/0IVFZR
https://paste.tbee-clan.de/bVzFs
https://bpa.st/C6WA
https://justpaste.it/37oc2
http://paste.org.ru/?igi9l6
https://pasteio.com/xMwl09LJ6HeM
http://nopaste.ceske-hry.cz/350486
https://www.links4seo.com/site/49240/hunter-biden-says-his-tax-affairs-are-under-investigation
https://cox.tribe.so/post/as-santa-trump-goes-will-netanyahu-seek-biden-rifts-in-place-of-election-gi--5fe6347f3e10c0f55409b345
http://beterhbo.ning.com/profiles/blogs/joe-biden-reportedly-considering-boston-mayor-marty-walsh-as
https://www.mychemicalromance.com/news/president-elect-joe-biden-expressed-optimism-he-will-be-able-work-republicans-3629081
https://www.guest-articles.com/news/meet-joe-bidens-pick-to-lead-the-us-intelligence-community-25-12-2020
https://www.dancehalldatabase.com/forum/Dancehall-Reggae/A-top-Japanese-defence-official-on-Friday-urged-US-President-elect-Joe-Biden-to-be-strong/fe9de7041388eb8ed9ed759a00b3809c/9307
https://silinsung.tumblr.com/post/638502387131236352/taoiseach-reveals-joe-bidens-enthusiastic
https://flamesis.hatenablog.com/entry/2020/12/26/041529

For instance, Democrats will have little shot at sharply raising taxes on corporations or the wealthy. Biden’s sweeping climate legislation is very likely to be blocked by Republicans. Only infrastructure stands a chance of breaking through the gridlock.

Trump bashed Biden during the campaign as “Sleepy Joe,” but many investors wouldn’t mind a break from the chaos and unpredictability of the Trump era. The latest example occurred Tuesday night when Trump shocked even his allies by threatening to block the bipartisan $900 billion relief package.

“For investors, this is somewhat the best of both worlds,” Arone said of the election outcome. “You get a more predictable foreign and trade policy while your domestic policy doesn’t seem as progressive as some of the worst fears.”

VACCINES TO THE RESCUE
The post-election rally kicked into high gear after Pfizer and BioNTech announced November 9 that their vaccine is highly effective against Covid-19. Moderna followed suit with a similar announcement a week later. Both vaccines have since received emergency-use authorization from the FDA.

“It gave investors confidence that there is a light at the end of the tunnel,” Arone said.

That’s why Wall Street has largely looked past skyrocketing Covid-19 cases, hospitalizations and deaths.