Biden Stocks Will Have History and Fed on Side, Not Much Else
- Assessing the next 4 years for stocks under a Biden presidency
- Fragile economy, high valuations pose possible headwinds
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First the good news for Joe Biden in the stock market. Going by history, buoyant markets tend to stay that way after a presidential election, at least for a while.
Data is positive for president-elects when it comes to momentum. Since 2000, every time the S&P 500 was higher heading into Election Day, November and December came in green, too. The first years of presidential terms have also been good ones of late. Since 1986, according to Leuthold Group data, they’ve seen average gains of 18.6%.