Stock Market Gains Under Biden Lag Behind Trump Era
• Stock market has rallied recently, but most gains just made up ground lost earlier in Biden's term; real returns only 8% over 3 years
• Performance much worse than under Trump - 36% real returns at same point
• Some correlation between Trump's election odds and market gains, but profits biggest driver
• Biden tax plans very bad for stocks - higher capital gains, corporate taxes, etc.
• Author argues Biden doesn't deserve credit for “Biden bull market” due to inflation-adjusted returns and impact of policies