This Is Biden's Soft Landing, and He Deserves Some Credit

If the stock market chose presidents, Joe Biden would be a shoo-in for reelection in 2024. The market rallied this month amid growing optimism about the economy, with the S&P 500 zooming 1.9 percent Tuesday on news that the Consumer Price Index rose only 3.2 percent in October (compared to 3.7 percent in September). Stocks rallied again Wednesday on news that the Producer Price Index fell 0.5 percent. Commentators are no longer debating whether the economy will experience a “soft landing” (i.e.,

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