NY Post calls out Biden lies in CNN interview

[*pally*]

(05-11-2024, 04:11 PM)Mike M (the other one) Wrote: Ok, the SM started trending up right before Trump became POTUS, and then continued to climb once he was in office. 


Right now, it's trending up again and most likely because Trump is leading in the polls. 

Regardless of what either of you think, it does look forward. Many investors are already anticipating the SM to sky rocket if Trump wins. 

What Trump is saying is fairly true. But it won't be a bloodbath if Biden wins, it will just turtle along for another 4 years. Do you not pay attention to your investments? 

The highest market levels of the Trump Presidency were AFTER he lost the Nov 2020 election and except for 1 brief dip (which still matched the highest Trump level) in 2022, when the Fed started raising interest rates to combat inflation, it has gone up ever since.  

[GMDino]

(05-11-2024, 12:40 PM)StoneTheCrow Wrote: I recall fact checkers closing up shop as soon as Biden’s ass hit the chair. Nothing to report here!

(05-11-2024, 04:04 PM)Luvnit2 Wrote: I have yet to see CNN, WAPO or MSNBC fact check Biden during the state of the union address or any campaign speech. Yet, they did Trump. Why only Trump?

You are spot on.

I get amused by statements like these because they are so easily disproven and yet the belief in them will go on no matter how many times they are proven to be false.

https://www.cnn.com/2024/03/07/politics/fact-check-joe-biden-state-of-the-union/index.html <--CNN

https://www.usatoday.com/story/news/factcheck/2024/03/08/joe-biden-state-of-the-union-fact-check/72843176007/ <-- USA TODAY

https://www.washingtonpost.com/politics/2024/03/08/fact-check-state-of-the-union/ <-- WASHINGTON POST

https://www.factcheck.org/2024/03/factchecking-bidens-state-of-the-union/ <-- FACTCHECK.ORG

https://www.cnn.com/interactive/2024/03/annotated-fact-checked-president-biden-sotu/ <-- ANOTHER CNN FACT CHECK

https://www.politifact.com/article/2024/mar/08/biden-2024-state-of-the-union-address/ <-- POLIFACT

I mean google is there.  These are easy to find but they don't fit your narrative so you just make statements without any proof and hope if you repeat the lie long enough other people will believe it too.

[GMDino]

(05-11-2024, 04:11 PM)Mike M (the other one) Wrote: Ok, the SM started trending up right before Trump became POTUS, and then continued to climb once he was in office. 


Right now, it's trending up again and most likely because Trump is leading in the polls. 

Regardless of what either of you think, it does look forward. Many investors are already anticipating the SM to sky rocket if Trump wins. 

What Trump is saying is fairly true. But it won't be a bloodbath if Biden wins, it will just turtle along for another 4 years. Do you not pay attention to your investments? 

Just say you believe everything Trump says without any proof.  It would be easier for us all rather than switching up when you responded to something Pally never said instead of saying you were wrong.

My investments are fine.  SM has been going up.  It won't go up forever though no matter who happens to be in office when it happens.

But you're not gonna deal with reality, just what Trump tells you to believe.

[Mike M (the other one)]

(05-11-2024, 06:21 PM)pally Wrote: The highest market levels of the Trump Presidency were AFTER he lost the Nov 2020 election and except for 1 brief dip (which still matched the highest Trump level) in 2022, when the Fed started raising interest rates to combat inflation, it has gone up ever since.  

The closing price has consistently gone up but that's not what you base the market on, you base it on % points gained/lost.
Biden still has a way to go in that dept. Seriously, you guys get pissed at misinformation, yet here you are spreading it.
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

(05-11-2024, 11:33 PM)GMDino Wrote: Just say you believe everything Trump says without any proof.  It would be easier for us all rather than switching up when you responded to something Pally never said instead of saying you were wrong.

My investments are fine.  SM has been going up.  It won't go up forever though no matter who happens to be in office when it happens.

But you're not gonna deal with reality, just what Trump tells you to believe.

Oh no, i'm not making it up. 

Biden's strong stock market still trails Trump's
https://www.axios.com/2024/01/01/biden-trump-stock-market-performance

Stocks have soared under President Biden, although not by quite as much as they had at the same point in former President Trump's term.

Why it matters: Voters often feel like stock market performance is a gauge of America's economic health, and of presidential policy, even if most economists would disagree.

By the numbers: The S&P 500 climbed 25.9% between Biden's inauguration and Friday's market close, which is the last day of trading in 2023.

It rose 42.3% during the similar period for Trump, which was shortly before the COVID-19 pandemic sent stocks into a temporary tailspin. Former President Obama topped them both, with an S&P 500 gain of 48.6% during the relevant period.
The Dow Jones Industrial Average has climbed 21.9% under Biden, whereas it grew 44.6% for Trump. The Nasdaq composite index is up 13.8% under Biden and was up 62% for Trump.
The bottom line: There's still a lot of trading days left before next November.

https://www.investopedia.com/terms/p/presidentialelectioncycle.asp

Donald Trump’s presidency was a notable exception to the first-year stock slump that the theory predicts. The Republican actively pursued an individual and business income tax break that was passed in late 2017, fueling a rally that saw the S&P 500 rise 19.4%. His second year in office saw the index take a 6.2% dive. But once again, the third year marked an especially strong time for equities, as the S&P surged 28.9%.

TBH, either you don't know much about the SM or you just can't admit it when Trump does something good. But i think you need to learn to deal with reality... and stop believing everything you hear from the left biased media's.

[*pally*]

(05-14-2024, 11:24 PM)Mike M (the other one) Wrote: The closing price has consistently gone up but that's not what you base the market on, you base it on % points gained/lost.
Biden still has a way to go in that dept. Seriously, you guys get pissed at misinformation, yet here you are spreading it.
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart


Oh no, i'm not making it up. 

Biden's strong stock market still trails Trump's
https://www.axios.com/2024/01/01/biden-trump-stock-market-performance

Stocks have soared under President Biden, although not by quite as much as they had at the same point in former President Trump's term.

Why it matters: Voters often feel like stock market performance is a gauge of America's economic health, and of presidential policy, even if most economists would disagree.

By the numbers: The S&P 500 climbed 25.9% between Biden's inauguration and Friday's market close, which is the last day of trading in 2023.

It rose 42.3% during the similar period for Trump, which was shortly before the COVID-19 pandemic sent stocks into a temporary tailspin. Former President Obama topped them both, with an S&P 500 gain of 48.6% during the relevant period.
The Dow Jones Industrial Average has climbed 21.9% under Biden, whereas it grew 44.6% for Trump. The Nasdaq composite index is up 13.8% under Biden and was up 62% for Trump.
The bottom line: There's still a lot of trading days left before next November.

https://www.investopedia.com/terms/p/presidentialelectioncycle.asp

Donald Trump’s presidency was a notable exception to the first-year stock slump that the theory predicts. The Republican actively pursued an individual and business income tax break that was passed in late 2017, fueling a rally that saw the S&P 500 rise 19.4%. His second year in office saw the index take a 6.2% dive. But once again, the third year marked an especially strong time for equities, as the S&P surged 28.9%.

TBH, either you don't know much about the SM or you just can't admit it when Trump does something good. But i think you need to learn to deal with reality... and stop believing everything you hear from the left biased media's.

Why didn’t you choose the most recent quarter numbers, which now shows, by percentage, the Biden S&P out performing Trumps at the same time for their Presidencies?

[Mike M (the other one)]

(05-15-2024, 01:30 AM)pally Wrote: Why didn’t you choose the most recent quarter numbers, which now shows, by percentage, the Biden S&P out performing Trumps at the same time for their Presidencies?

 
Try looking at the link and select President Terms.
.
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart
In month 40, 
Biden 31.9%
Trump 27.8% (Which includes the initial fallout from COIVID)  

So Biden is barely leading in the 1stQ of his 4th year (Only, still not close from Day 1 to Current). Most experts agree that Trump's 4th year was marred by the COVID, but you don't want to include that cause that's the only way Biden can beat his Numbers is if you include them. 
Bad news for you though, 

By Month 48, 
Trump was back up to 50.9%

As i said, Biden has some time, but still a ways to go to catch Trumps SM results in the 4th year when he's been trailing all along. Even if Biden beats him in the 4th year, unless the gains are insane in these last 3Q's, he will not beat Trump's overall 4 year SM gains (which includes the COVID Fallout).

It's like claiming we won the 4th Quarter, 21-14, never mind that we started the 4th Q down by 42 points.

[GMDino]

https://markets.businessinsider.com/news/stocks/stock-market-today-sp500-record-high-inflation-april-cpi-report-2024-05

Quote:Stock market today: S&P 500 closes at a record high as stocks rise on cooler April inflation


Jennifer Sor 
May 15, 2024, 4:08 PM EDT


Brendan McDermid/Reuters

• US stocks soared on Wednesday, with the S&P 500 notching an all-time high.
• The benchmark index surpassed 5,300 for the first time after April inflation came in cooler than expected.
• Consumer prices rose 3.4% last month, slightly lower that the 3.5% increase in March.
  

US stocks surged on Wednesday, with the S&P 500 breaking its all-time record as traders took in cooling inflation numbers.
All three benchmark indexes rose, while bond yields ticked lower. The Dow Jones Industrial Average surged 350 points while the 10-year Treasury fell 10 basis points to 4.344%.

The benchmark S&P 500 rose past 5,300 for the first time ever as investors grow optimistic that the Federal Reserve is still on track to cut interest rates this year after April inflation numbers were softer than the prior month.

Consumer prices rose 3.4% year-over-year in April, according to data from the Labor Department, lower than the 3.5% increase in March. On a monthly basis, inflation rose 0.3% in April, less than 0.4% in March. 

Markets are anticipating one to three rate cuts by the end of 2024, while odds that the Fed won't cut rates this year at all have been slashed in half, according to the CME FedWatch tool.

"Today's inflation news keeps multiple rate cuts on the table for the second half 2024," Preston Caldwell, the chief US economist at Morningstar said in a note on Wednesday. "Our base case is two cuts in 2024 (September and December) but three or four is not implausible with continued inflation progress in conjunction with weakening economic activity."

Retail sales also came in softer than expected for the month of April, another sign the economy is cooling. Slower economic activity helps lower inflation, though it could also indicate a slowdown in economic growth.

"The 'soft landing' narrative is still a possibility but not a guarantee," Jeffrey Roach, the chief economist of LPL Financial said in a note. "Markets will be looking for more confirmation and the weak retail sales report did not help."


Here's where US indexes stood at the 4:00 p.m. closing bell on Wednesday: 

• S&P 500: 5,308.15, up 1.17% 
• Dow Jones Industrial Average: 39,908.00, up 0.88% (+349.89 points)
• Nasdaq composite: 16,742.39, up 1.40%
  

Here's what else is going on today:

• These are the top 10 holdings of the Mormon Church's $55 billion stock portfolio.
• The S&P 500 just flashed a bullish signal that suggests the stock market will hit record highs this summer. 
• Nvidia's rally is bound to run out of steam, as the chip giant's customers are turning into competitors, one analyst warns.
• Jamie Dimon says China's relationship with Russia will make it difficult for the US to fully engage with it.
• Biden's new tariffs shows he's willing to play hardball as China ramps up its exports, according to Nobel economist Paul Krugman.
  

In commodities, bonds, and crypto: 

• West Texas Intermediate crude oil rose 0.99% to $78.79 a barrel. Brent crude, the international benchmark, ticked higher 0.13% to $82.86 a barrel. 
• Gold climbed 1.21% to $2,3876.77 per ounce. 
• The 10-year Treasury yield dropped 10 basis points to 4.344%. 
• Bitcoin surged 6.82% to $65,667. 
  

[GMDino]

https://www.forbes.com/sites/dereksaul/2024/05/14/nasdaq-closes-at-all-time-high-as-stock-market-rally-resumes/?sh=5acf7ca74978

Quote:Nasdaq Closes At All-Time High As Stock Market Rally Resumes

[/url]Derek Saul
Forbes Staff

Derek Saul has covered markets for the Forbes news team since 2021.
Follow


[url=https://www.forbes.com/sites/dereksaul/2024/05/14/nasdaq-closes-at-all-time-high-as-stock-market-rally-resumes/?sh=5acf7ca74978#open-web-0]0

May 14, 2024,04:15pm EDT




TOPLINE
 
It turns out April showers did bring May flowers for the stock market, as major indexes shook off April’s selloff and continued their upward trajectory Tuesday, with the tech-heavy Nasdaq Composite closing at its highest price ever.



Stocks have wiped out their April slide.
GETTY IMAGES

KEY FACTS
The Nasdaq’s 0.8% rise Tuesday sent it to an all-time high of 16,511, topping Apr. 11’s prior record of 16,442.

The benchmark S&P 500 (up 0.5% on Tuesday) and more narrowly focused Dow Jones Industrial Average (up 0.4%, or 140 points) closed just shy of their respective closing highs set March 28.

All three major indexes are up big in May, with the Nasdaq gaining 5.4%, the Dow rallying 4.6% and the S&P rising 4.2%.

Leading the May rally for the market capitalization-weighted Nasdaq and S&P were yet again massive technology companies, as each of the six trillion-dollar West Coast firms are up at least 5% so far this month, led by Apple stock’s 10% gain; roughly 7% gains for both of the top-weighted stocks on the share price-weighted Dow, UnitedHealth and Goldman Sachs, buoyed the Dow’s rally.

KEY BACKGROUND
April was the worst month for the Dow since September 2022 and the S&P’s and Nasdaq’s worst months since September 2023. That selloff came as concerns about the effects of lingering inflation and its potential to prop up interest rates for longer than expected, worries that are still very much prevalent ahead of Wednesday’s release of April inflation data. But investors exhibited renewed optimism about companies’ profit potential even in the face of a high-rate environment, with the batch of quarterly earnings coming in over the last few weeks revealing what would be the best quarterly profit growth since the second quarter of 2022, according to FactSet.

TANGENT
The broader market’s steamrolling coincided with meme stocks’ resurgence, as shares of 2021 meme stock darlings AMC and GameStop are up 135% and 179%, respectively, this week thanks mostly to social media ado.

[Mike M (the other one)]

(05-16-2024, 10:41 AM)GMDino Wrote: https://www.forbes.com/sites/dereksaul/2024/05/14/nasdaq-closes-at-all-time-high-as-stock-market-rally-resumes/?sh=5acf7ca74978

That's great, but we don't measure the stock market by closing price, only you, Pally and anyone else that's trying to boost Biden are doing that to fit your narrative. Using your method, then Trump BLEW Obama out of the water, but that's not true. I can almost guarantee you that anyone that really follows the SM ignored the "highest price now" and went looking for the % gains.  

 "with the tech-heavy Nasdaq Composite closing at its highest price ever."