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The ‘Trump bump’ didn’t last. But the ‘Biden bull’ will transform the American economy Tim Mullaney © Provided by The Independent Our new quadrennial game seems to be arguing over credit when stocks surge after an election. How fun! In 2016, Donald Trump claimed responsibility for a rally that had begun in February, because the Standard & Poor’s 500-stock index rose 5 percent in the month after his election. Weird as it may have been, the “Trump Bump” theory was born. Schadenfreude is fair play: The S&P is up 10.9 percent since the day before the 2020 election. Sad! For Donald. “Trump Bump,” meet the Biden Bull. It’s much, much bigger, as even Lil’ Marco Rubio could attest. It also makes more sense, and should last longer.

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