Because the market has had the biggest rally since 1932 since Biden was elected President.
It’s so hard being a Right winger.
Post election market performance (gains and losses) typically gets slapped onto the current sitting President.
The only thing you need to remember is that the market statistically performs well (goes Up) for most elections between election day to inauguration day.
On the surface, one would think that the stock market really does not care whom was elected President. That's a false assumption.
If a President is re-elected for a 2nd term...the market goes up about
6.5% versus a 1st term president in which the market goes up about
5.0%.That's one small argument that Donald Trump can win considering the stock market performance is very important to him...statistically Trump has talked about the stock market performance more than any other President.
Therefore, based upon the statistics...had Donald Trump won re-election...statistically the stock market would have been up higher than in current comparison to Joe Biden winning the election.
Thus, a different way to look at it...the current good performance in the market since the election day would have been
stronger had Donal Trump won re-election but is still performing well with the Joe Biden victory...
The stock market loves it more when a President is
re-elected.
P.S. Institutional trading firms and hedge funds do place some of their bets on those statistics.
wrbtrader