Biden’s Stock Boom, Capital Gains and the Future of the Market
It’s a common misnomer that when a Democrat is president of the United States, stock market returns are lower than when a Republican is in office.
Recent data from JPMorgan illustrates that. It tracked the average returns of the S&P 500 over the first 100 days of a president being in office.
The results are pretty interesting.
The report found that S&P 500 returns under President Joe Biden are nearly 25%, compared to less than 15% under President Donald Trump.
It’s the highest average return of any president in the last 75 years. It’s also more than double the average return of any Republican president since World War II.
However, something on the horizon may hamper those strong returns.
Chief investment strategist Adam O’Dell and Green Zone Fortunes co-editor Charles Sizemore join me on this weekend edition of The Bull & The Bear. We break down returns and future returns if a capital gains tax increase is implemented.
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