Are Stocks Going to Crash if Joe Biden Wins and Democrats Control Congress? Here's What History Says About Stock Market Returns When Democrats Win.
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As of the closing bell on April 24, incumbent Joe Biden had earned 3,237 delegates during presidential primaries. That's well beyond the 1,968 delegates needed to secure the presumptive nomination for president from the Democratic Party. Since taking office on Jan. 20, 2021, Biden has overseen gains of 23% in the Dow Jones Industrial Average, 32% in the S&P 500, and 17% in the Nasdaq Composite. Two policy proposals that could give Wall Street and investors reason to head for proverbial hills are quadrupling the share buyback tax to 4% and increasing the peak marginal corporate tax rate to 28% from 21%. The stock market tends to deliver for patient shareholders over the long run regardless of which political party is in control. According to CFRA Research, there were 23 years between Dec. 31, 1944 and Dec. 31, 2021 where Democrats controlled Congress and the White House. In those 23 years, the benchmark S&P 500 averaged a 10.5% return. The stock market benefits from long-winded economic expansions, and periods of economic growth often stick around for multiple years. Patience and perspective have a way of rewarding investors, regardless of which political party is in power.

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