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Biden's post-election stock bump tops Trump's

Dec. 07, 2020 12:31PM EST
Dan Ackermann
Data: Yahoo! Finance; Chart: Danielle Alberti/Axios

Stocks rose faster in the one month of trading following the 2020 election than in the month of trading that followed the 2016 election.

Between the lines: There are many macro differences between the 2016 and 2020 periods, most notably the pandemic, but both elections took place amid bull markets.

By the numbers:

  • Dow Jones: +9.96% in 2020 vs. 7.77% in 2016
  • Nasdaq: +11.68% in 2020 vs. 4.83% in 2016.
  • S&P 500: +9.79% in 2016 vs. 5.61% in 2016.

President Trump said during this year's first debate that "If [Biden] is elected, the stock market will crash."

  • Not only was he wrong, but the market has responded more strongly than it did after Trump's election.

The bottom line: The stock market's performance is not necessarily tied to conditions in the so-called real economy, nor is it necessarily correlated to whoever is measuring the Oval Office drapes.

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Pence's alternative pandemic world

Vice President Mike Pence described a world in which he and President Trump led Americans' heroic effort to defeat the coronavirus during last night's vice presidential debate. The problem is, he described a world that doesn't exist.

Why it matters: The coronavirus is very much not in control in the U.S., and America's failed response begins with the individual actions of the president and the vice president themselves.

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Jeff Bezos says his suborbital space flight Tuesday reinforced his commitment to fighting climate change, but growth of this travel would also add a new source of carbon emissions.

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Driving the news: The order, effective Monday, affects more than 100,000 residents in El Dorado County. Traffic was gridlocked on Highway 50, as people fled South Lake Tahoe.

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