forbes.com
Biden's Stock Market Performance Ranks Ninth Since 1929
Based on S&P 500 Total Return Index data from 1929, Joe Biden's presidency (2021-2024) shows a 13.49% annual stock market return, ranking ninth among US presidents since 1929, exceeding Jimmy Carter but trailing George H.W. Bush. Bill Clinton's presidency (1993-2001) achieved the highest return at 17.49%.
- What factors contributed to the highest and lowest performing presidencies in terms of stock market returns?
- Bill Clinton holds the top spot with a 17.49% annual return, benefiting from the dot-com boom and avoiding major economic downturns. Conversely, Herbert Hoover's presidency coincided with the Great Depression, resulting in a significant 30.82% annual decline in the market.
- What are the potential impacts of President-elect Trump's proposed economic policies on future stock market performance?
- President Trump's economic policies, including tax cuts and deregulation, are expected to positively impact the stock market. However, proposed tariffs and immigration restrictions could hinder growth, potentially impacting labor-intensive sectors like agriculture and construction. Future market performance will depend on the net effect of these competing forces.
- What is the overall stock market performance during President Biden's term, and how does it compare to other presidencies since 1929?
- From January 2021 to December 2024, the stock market saw an average annual return of 13.49% under President Biden, placing him ninth among presidents since 1929 based on S&P 500 Total Return Index performance. This is higher than Jimmy Carter's 12.40% but lower than George H.W. Bush's 14.71%.
Cognitive Concepts
Framing Bias
The article frames the discussion around the ranking of presidents based on stock market performance, creating a competitive narrative that prioritizes this metric above all else. The headlines and introduction immediately focus on the ranking of presidents by this metric, setting the stage for the subsequent analysis. This framing could lead readers to prioritize stock market performance as the primary indicator of a president's success.
Language Bias
While the article generally maintains a neutral tone, certain phrases could be interpreted as subtly biased. For instance, referring to three Democratic presidents as "gods in the Democratic Party pantheon" introduces a subjective and potentially loaded term that could influence the reader's perception. Similarly, using phrases like "thrown a wrench into the economy" (regarding the pandemic) reveals a certain level of subjectivity. More neutral alternatives would improve the article's objectivity.
Bias by Omission
The analysis focuses heavily on stock market performance during presidential terms, neglecting other crucial economic indicators and societal factors that influence economic growth. There's no discussion of factors like inflation, unemployment rates, or international events that could have affected stock market performance during these presidencies. The piece also omits discussion of the inherent limitations of using stock market performance as the sole metric for presidential economic success. This omission significantly limits the scope of the analysis and could potentially mislead readers into drawing overly simplistic conclusions.
False Dichotomy
The article presents a false dichotomy by implying that economic success is solely determined by stock market performance. It focuses primarily on comparing presidents based on this metric, neglecting other critical economic indicators and societal factors.
Gender Bias
The analysis does not exhibit overt gender bias as it focuses solely on male presidents. However, the complete absence of female presidents in the dataset highlights a bias in the selection of the data itself, which limits the scope of the analysis and prevents any assessment of gender-related factors that might influence stock market performance.
Sustainable Development Goals
The article discusses the stock market performance under different US presidents, which is a key indicator of economic growth and job creation. Strong stock market performance generally correlates with economic expansion and increased employment opportunities. The analysis shows varying levels of economic performance under different administrations, highlighting the impact of presidential policies on economic growth.