SP500@2021 has nothing to do with Trump. It is the direct consequence of massive EQ by FED (directed by Powell) during COVID to pump up/save the market.
Massive EQ led to injection of massive liquidity to the economy, planting the seeds of inflation that Trumpers blamed current administration for. However, an informed view would recognize that Trump shares at least equal responsibility for the inflation alongside Biden.
In contrast, recent stock market gains under Biden have occurred with high interest rates and without additional Fed stimulus. This growth highlights the underlying strength of the U.S. economy and reflects the success of Biden’s policies.
Horologiarius 发表评论于 2024-11-04 17:20:50
I am not surprised that China Trumpers failed to distinguish between Wapo and WSJ.