Posted 4/1/2024, 2:52:37 PM
Biden Stock Market Outperforms Trump's in 4th Year, Fueling 2024 Rematch Rivalry
- US stock markets (Dow, Nasdaq, S&P 500) grew under Trump from 2016-2020, but have surged more under Biden, up 40% since he took office
- For most of Biden's term, markets did better under Trump, but now in Biden's 4th year, he is outperforming Trump's 4th year by a large margin
- Markets dropped in Trump's 4th year due to the COVID pandemic and recession, while Biden has seen steady growth
- This contrasts Trump's claim that markets would crash under Biden and only rise now due to Trump's 2024 run
- There are "bragging rights" over market performance at stake between Biden and Trump ahead of a potential 2024 rematch