You know, perhaps it was not coronavirus that was sinking the stock market. Perhaps it was the surge of Democratic presidential candidate Sen. Bernie Sanders of Vermont.
Following former Vice President Joe Biden’s killer performance on Super Tuesday, health care stocks and the market itself came roaring back, Fox Business reported.
Wednesday saw the Dow Jones industrial average climb more than 1,173 points while the Standard & Poor’s 500 index rose four percent and the Nasdaq composite almost reached four percent.
MarketWatch linked those changing numbers in part to fears over Sanders’ “Medicare for All” proposal.
Breaking: House Republicans Elect New Leader to Replace Mike Johnson
Jim Jordan picked as next House GOP leader: Sound off!
Top Dem cries ‘weaponization’ as comments warning young people not to join Trump admin land her in hot water
Watch: Van Jones Revealed Low-Key Org Weapon Dems Used to Win Nov 3 – Hit up to 300 Million People Daily, GOP Never Uncovered
Habeas corpus cases near 100,000 as ICE detainees seize on new way to fight detention
Sotomayor lets loose on conservative Supreme Court with revealing wish: ‘Crazy things’
Mamdani makes behind-the-scenes moves to shape 2028 Democratic presidential race
Prominent Christian Apologist Wes Huff Asks for Prayer After His 3-Year-Old Daughter Is Rushed to the Hospital
Rapist Russell Brand Declared to be ‘Dead Man Walking’ in Hellish UK Prison, Ex-Inmate Says He’ll Be ‘a Marked Man’
UN postpones US human rights review after boycott
Explosive House report exposes failures it says allowed Epstein’s abuse to continue for years
GOP lawmaker ousts fellow Republican in gerrymandered California district
When the Pharmacies Are Empty and the Clinic Is Closed, Here’s the Kit Americans Keep Ready
Texas’ Democrat governor-elect has vowed to impose ‘emergency’ day-one policy and more top headlines
‘SNL’ writer’s sister vanished — now her boyfriend and rival face charges in deadly love triangle
CFRA analyst Sel Hardy said that Sanders’ signature plan would lead “to the termination of existing health insurance plans,” the outlet reported.
“In terms of our overall outlook for our stocks, unless there is a major shift in market conditions, Centene Corp., UnitedHealth, Humana Inc., and Cigna Corp. are set for double-digit top-line growth in the next three years, in our view, as they continue to have strong fundamentals,” Hardy wrote in a note to clients.
Keith Speights of The Motley Fool wrote that the rise in health care and health insurance stocks is directly linked to Sanders’ faltering on Tuesday.
“Sen. Sanders advocates a Medicare for All program that would largely eliminate the need for health insurance. His strength in the ongoing presidential campaign caused investors to worry about what might happen with big companies including Anthem, Humana, Cigna, UnitedHealth Group, and CVS Health (which owns Aetna),” Speights wrote.
“Now, however, former Vice President Biden appears to be the frontrunner for the Democratic presidential nomination. Several candidates have dropped out of the race and endorsed Biden, with former New York City mayor Mike Bloomberg the most recent to do so.”
Breaking: House Republicans Elect New Leader to Replace Mike Johnson
Jim Jordan picked as next House GOP leader: Sound off!
Top Dem cries ‘weaponization’ as comments warning young people not to join Trump admin land her in hot water
Watch: Van Jones Revealed Low-Key Org Weapon Dems Used to Win Nov 3 – Hit up to 300 Million People Daily, GOP Never Uncovered
Habeas corpus cases near 100,000 as ICE detainees seize on new way to fight detention
Sotomayor lets loose on conservative Supreme Court with revealing wish: ‘Crazy things’
Mamdani makes behind-the-scenes moves to shape 2028 Democratic presidential race
Prominent Christian Apologist Wes Huff Asks for Prayer After His 3-Year-Old Daughter Is Rushed to the Hospital
Rapist Russell Brand Declared to be ‘Dead Man Walking’ in Hellish UK Prison, Ex-Inmate Says He’ll Be ‘a Marked Man’
UN postpones US human rights review after boycott
Explosive House report exposes failures it says allowed Epstein’s abuse to continue for years
GOP lawmaker ousts fellow Republican in gerrymandered California district
When the Pharmacies Are Empty and the Clinic Is Closed, Here’s the Kit Americans Keep Ready
Texas’ Democrat governor-elect has vowed to impose ‘emergency’ day-one policy and more top headlines
‘SNL’ writer’s sister vanished — now her boyfriend and rival face charges in deadly love triangle
Speights warned that Sanders could still win the nomination, and that if he does, “healthcare stocks, in general, and health insurance stocks, in particular, will likely be highly volatile.”
Democrats always present an existential threat to the stock market, but Sanders and his free-ride plans present an even more prominent danger than usual.
Coronavirus scares likely had something to do with the dip in the market, but it is tough not to see the correlation between Sanders taking a pounding and the market bouncing back.
It goes to show what many of us have said all along. Electing a Democrat, particularly a socialist, as president would annihilate the economy.
Breaking: House Republicans Elect New Leader to Replace Mike Johnson
Jim Jordan picked as next House GOP leader: Sound off!
Top Dem cries ‘weaponization’ as comments warning young people not to join Trump admin land her in hot water
Watch: Van Jones Revealed Low-Key Org Weapon Dems Used to Win Nov 3 – Hit up to 300 Million People Daily, GOP Never Uncovered
Habeas corpus cases near 100,000 as ICE detainees seize on new way to fight detention
Sotomayor lets loose on conservative Supreme Court with revealing wish: ‘Crazy things’
Mamdani makes behind-the-scenes moves to shape 2028 Democratic presidential race
Prominent Christian Apologist Wes Huff Asks for Prayer After His 3-Year-Old Daughter Is Rushed to the Hospital
Rapist Russell Brand Declared to be ‘Dead Man Walking’ in Hellish UK Prison, Ex-Inmate Says He’ll Be ‘a Marked Man’
UN postpones US human rights review after boycott
Explosive House report exposes failures it says allowed Epstein’s abuse to continue for years
GOP lawmaker ousts fellow Republican in gerrymandered California district
When the Pharmacies Are Empty and the Clinic Is Closed, Here’s the Kit Americans Keep Ready
Texas’ Democrat governor-elect has vowed to impose ‘emergency’ day-one policy and more top headlines
‘SNL’ writer’s sister vanished — now her boyfriend and rival face charges in deadly love triangle
Not that Biden would be much better. He has moved to the left on many issues, including a much more relaxed stance on illegal immigration.
There is also the issue of Biden’s advanced years. If he were to pick a progressive vice president who would be a heartbeat away from the presidency, it could be another downer for the market.
Biden does not advocate a “Medicare for All” system right now, but rest assured that is where the Democratic Party is heading.
One Super Tuesday victory by the lesser of two evils is not going to stop that train.
That is why it is important to elect not only President Donald Trump again in November, but also a Republican House and Senate to finally fix health care.
Story cited here.
