Should the US president Joe Biden follows the example of the Republican challenger donald trumpThe playbook and start increasing the performance of the S&P 500? A Harris-Guardian poll shows that 49 percent of Americans believe stocks have fallen in 2024. In reality, the S&P 500 is at all-time highs, up 12 percent this year (its strongest start yet for an election year) and by 28 percent in the last 12 months.
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Americans are also misinformed in other areas. Nearly half believe unemployment is at its highest level in 50 years, when it is below 4 percent and near its lowest level in 50 years. More than half think the United States is in recession.
Republican supporters are especially likely (67 percent) to think this, but so do many Democrats (49 percent).
Typically, the stock market predicts elections; When stocks do well, the holder tends to win. However, will 2024 be different, given that many investors don't seem to realize that the economy is growing and stocks are in a bull market?
Trump's incessant boasting about stock gains during his time in office was infuriating (the president's impact on stock performance is slight) and risky (if you take credit when stocks go up, you can be blamed if stocks go down). ). However, the poll results are worrying for Biden, who may need to brag on the stock market.
