From Yahoo Finance: 2024-04-28 05:06:00

Joe Biden has secured the presumptive nomination for president from the Democratic Party with 3,237 delegates. Since taking office, the Dow Jones, S&P 500, and Nasdaq Composite have seen significant gains, with Biden working with a unified Congress and later a split Congress controlled by Republicans. Concerns about a potential stock market crash under a second Biden term and Democratic Congress stem from proposals to quadruple the share buyback tax and increase corporate tax rates. Economic headwinds, including historically high stock valuations and a decline in U.S. M2 money supply, could also contribute to a market downturn. However, history shows that the stock market has delivered positive returns over the long run under both Democratic and Republican administrations, with patient investors coming out as winners.



Read more at Yahoo Finance: Are Stocks Going to Crash if Joe Biden Wins and Democrats Control Congress? Here’s What History Says About Stock Market Returns When Democrats Win.