So, how has the stock market responded?
With a rally that has sent the S&P 500 to an 11% surge in Biden s first 100 days, the best performance by the various versions of the index since Franklin Delano Roosevelt started his first term in 1933,according to an NPR analysis of S&P data. The stock market is on fire, says Greg Valliere, Chief U.S. Policy Strategist at AGF Investments. It has astonished veteran observers, and it may have a ways to go.
So what explains the rally?
For many experts, it boils down to the U.S. economy.
President Biden s administration has overseen a rapid rollout of vaccines and passed a $1.9 trillion stimulus plan that poured more money into households and businesses even after Congress had already passed trillions of dollars in stimulus.
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