Biden Enjoys Robust Stock Market Gains Despite Policy Differences with Trump
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Since Biden took office, the S&P 500 has risen 40%, outpacing the 13% gain under Trump's first term before COVID hit.
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Trump boasted about stock gains under his presidency, while Biden initially criticized Trump for touting gains that didn't benefit working people.
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Presidents have less influence over stocks than believed; Fed policy and economy-wide trends are bigger drivers.
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Biden favored policies like higher corporate taxes that seem negative for stocks, but gains have continued during his term so far.
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With tight 2024 race, Biden likely to play up market gains even though stocks could reverse and presidents can't control markets.