The S&P 500, the gold-standard market index of 500 US stocks, has posted a compound annual growth rate of 14.1% from Biden’s November 2020 election through Thursday’s closing bell (11/1/2024), according to veteran market strategist Sam Stovall of CFRA Research. The S&P 500 enjoyed a compound annual growth rate of 12.1% from Trump’s surprise election in November 2016 through Biden’s 2020 victory, according to CFRA. That’s the third best performance in modern history, behind only Clinton and Biden.
Now the dufus in charge is starting global trade wars to try and get the global trade genie back in the bottle. I hate to break it to you but we are in a global economy. That genie isn't going back in. We import lots of raw materials that we do not have -- See Africa. We are not the only player in town. China is a huge player on the global market. The more we follow an isolationist policy, the fewer trade partners we'll have. They will turn to China, the Middle East (Saudia Arabia), and Europe. We are not the big badass global dominating economy that once were. Making enemies of everyone except for oligarch driven countries like Russia is not going to lead to a better america. It is going to lead to the rich getting richer and the rest of us fighting over scraps. You want to be Mexico? Russia? Keep this up and that's where we will end up.
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