Stock Market Rise Fuels Speculation About Impact on 2024 Election
-
The stock market has been rising steadily since the end of 2022, reaching new highs in January 2023. Some speculate this could benefit Trump's potential 2024 campaign.
-
While the market's rise is good for Biden, it can't reliably predict the winner of the 2024 election this far in advance.
-
Incumbent presidents often govern in ways to boost the economy ahead of elections, so market rises in election years are common.
-
Trump is already taking credit for the stock market's rise and making contradictory claims about potential crashes. His statements shouldn't be taken seriously.
-
For now the economy shows positive signs like lower unemployment and inflation, which could benefit Biden. But there's still a long time until the 2024 election.