The New Exchange
It seems Biden is driving everything the wrong way.
Biden holds onto stock market strategy
DON’T POKE THE BEAR — President Donald Trump and his aides in the White House watched and gabbed about markets constantly, even obsessively. CNBC and Fox Business shared time with Fox News on Trump’s very full TV-watching schedule.
The Biden White House doesn’t do any of that.Biden himself almost never mentions the stock market unless asked. And for very good reason at the moment. Stocks are on a massive slide for the year, driven down by fear of inflation, rate hikes and Russia’s war in Ukraine.
The tech-dominated Nasdaq has lost more than a quarter of its value this year (27 percent). The S&P is down close to 17 percent, and the Dow nearly 12 percent.The major indices all tanked again today, with the Dow off another 2 percent, the S&P 3.2 percent and the Nasdaq a miserable 4.3 percent.“Your 401k misses President Trump,” Rep. Jim Jordan (R-Ohio) tweeted this morning.
“We hold these truths to be self-evident,” former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”
1 of 1- Common Sense
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Dow Jones Industrial Average
Dow Jones Industrial Average
- 4:58 PM EDT 05/11/22
- 31834.11
- -326.63 -1.02%
It seems Biden is driving everything the wrong way.
Biden holds onto stock market strategy
DON’T POKE THE BEAR — President Donald Trump and his aides in the White House watched and gabbed about markets constantly, even obsessively. CNBC and Fox Business shared time with Fox News on Trump’s very full TV-watching schedule.
The Biden White House doesn’t do any of that.Biden himself almost never mentions the stock market unless asked. And for very good reason at the moment. Stocks are on a massive slide for the year, driven down by fear of inflation, rate hikes and Russia’s war in Ukraine.
The tech-dominated Nasdaq has lost more than a quarter of its value this year (27 percent). The S&P is down close to 17 percent, and the Dow nearly 12 percent.The major indices all tanked again today, with the Dow off another 2 percent, the S&P 3.2 percent and the Nasdaq a miserable 4.3 percent.“Your 401k misses President Trump,” Rep. Jim Jordan (R-Ohio) tweeted this morning.
Last edited by Common Sense (5/11/2022 5:51 pm)
“We hold these truths to be self-evident,” former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”