A Joe Biden stock market timeline:
-January 20, 202l was Donald Trump’s last day as President and Joe Biden’s first day as President.
On that day, The Dow Jones Industrial Average closed at 30,930.52.
-September 8, 2021: From Victor Reklaitis’s article at marketwatch.com:
President Joe Biden on Wednesday bragged about the performance of U.S. stocks during his time in office, as he made a speech in honor of labor unions at the White House. “The stock market has gone up exponentially since I’ve been president. You haven’t heard me say word about it,” Biden said, in an apparent reference to former President Donald Trump’s frequent comments about the stock market.
On that day, the Dow Jones Industrial Average, which Mr. Biden told us about while reminding us he hadn’t said a word about it, closed at 35,100.00.
-September 14, 2022: From Josh Marcus’ article for London’s Independent:
President Joe Biden says that Americans shouldn’t worry about Tuesday’s stock market drop, arguing things are “going to be fine” despite continued reports of higher-than-expected inflation.
“The stock market doesn’t necessarily reflect the state of the economy, as you well know,” Mr Biden told reporters in Delaware. “The economy is still strong. Unemployment is low. Jobs are up. Manufacturing is good. I think we’re going to be fine.”
On that day, the Dow Jones Industrial Average, which Mr. Biden assured us was not necessarily important to the state of the economy, closed at 31,104.97.
-September 27, 2022 (Today):
On this day, The Dow Jones Industrial Average, which Mr. Biden did not brag about the performance of and did not assure us that stocks don’t necessarily reflect the state of the economy, closed at 29,134.99.
Make of it what you will.
