The Big Tech earnings this week will show tremendous market appreciation. Tesla killed it today. But all of that is easily perceived as the Dems jumping further into bed with Big Tech and helping the rich get richer.
In reality, it's an extension of Trump policies with the lower taxes, strong economic recovery from the pandemic and record low interest rates coupled with the anticipation of unprecedented government stimuli.
It's expected.
The Biden economy and tax hikes haven't hit the market yet. That's when you'll see a more clear reflection of Biden policies and their impact on the economy.
When the stimulus runs its course and interest rate hikes settle in just as the huge Biden tax increases start to hit.
The WSJ article on inflation only really spells out that the market anticipates inflation to slow down in 5 years. That doesn't mean much. What's hurting the Dems is the dramatic rise in prices that's already happened. The 5.3% last May. Unless the Dems can scale back and reduce living costs, and slow near term inflation, the damage will already be done by the midterms.