Historic

Biden’s First 100 Days Were Historic for the Stock Market. What Happens Next.

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President Joe Biden on Oct. 29, 2020.


JIM WATSON/AFP via Getty Images

Joe Biden’s
100th day in office is this Thursday, and the stock market is on pace to record its best start to a president’s term since that of
Franklin D. Roosevelt
in 1945. The

S&P 500 index

is up nearly 9% since inauguration day, trailing FDR’s fourth term by about a percentage point.

Of course, there are a multitude of influences that determine what the stock market does over any period, and the impact of any particular president or another is debatable. Continued easy monetary policy,

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