“Biden’s Stock Market Returns Continue to Trounce Trump’s” reads a recent Forbes headline. Sophisticated investors know this, but most of the public may not because Democrats have this self-defeating aversion to boasting about bull markets during their watch.
That seems to have changed under President Joe Biden.
Recall how former President Donald Trump tied every record high to his alleged brilliance as an economic manager. “The Dow Jones Industrial just closed above 29,000!” he tweeted about six weeks before the 2020 election. “You are so lucky to have me as your president. With Joe Hiden’ it would crash.”
Not quite. Ten months after Biden was declared winner, the Dow Jones Industrial Average was over 34,500. As for the broad-based S&P 500, that stock index has closed at at least…