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.
Schiff silent on Biden-era Newsom probe report as California AG claims DOJ ‘weaponization’
Trump reveals new Air Force One will fly over DC on July 4
Transgender former New Hampshire state representative sentenced to 33 years for child sex abuse: report
WATCH: Boozy boaters unleash wild riverfront brawl as fists fly at popular South Carolina sandbar
Clarence Thomas and Two Fellow Conservatives Form Unexpected Majority with Two Liberals in SCOTUS Decision
Satanic: Muslim Pedophiles Told UK Girls That Being Raped Would Take Away Their Sins
Fox News True Crime Newsletter: Gilgo sentencing, a warning from ‘Happy Face,’ Mangione psychs himself out
Florida subpoenas MLB for ‘selectively enforcing’ uniform rules to reprimand Christian pitchers
Newsom rejects scaled-back billionaires tax as ballot fight looms
Washington hosts relatively muted Juneteenth compared to America 250 events
Watch: Trump Physically Supports Marine Maj. James Capers, 88, Before Awarding the Unkillable Vietnam Vet the Congressional Medal of Honor
Reporter’s Notebook: How Trump’s surprise move on DNI confirmation upended key Senate deal on FISA
DOJ warns former red state is becoming the next California as governor embraces ICE limits
Trump-Meloni spat grows over claim Italian PM ‘begged’ for photo: ‘astonished’
SEE IT: Dem senator downplays security threat of illegal immigration after White House terror plot
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.”
Schiff silent on Biden-era Newsom probe report as California AG claims DOJ ‘weaponization’
Trump reveals new Air Force One will fly over DC on July 4
Transgender former New Hampshire state representative sentenced to 33 years for child sex abuse: report
WATCH: Boozy boaters unleash wild riverfront brawl as fists fly at popular South Carolina sandbar
Clarence Thomas and Two Fellow Conservatives Form Unexpected Majority with Two Liberals in SCOTUS Decision
Satanic: Muslim Pedophiles Told UK Girls That Being Raped Would Take Away Their Sins
Fox News True Crime Newsletter: Gilgo sentencing, a warning from ‘Happy Face,’ Mangione psychs himself out
Florida subpoenas MLB for ‘selectively enforcing’ uniform rules to reprimand Christian pitchers
Newsom rejects scaled-back billionaires tax as ballot fight looms
Washington hosts relatively muted Juneteenth compared to America 250 events
Watch: Trump Physically Supports Marine Maj. James Capers, 88, Before Awarding the Unkillable Vietnam Vet the Congressional Medal of Honor
Reporter’s Notebook: How Trump’s surprise move on DNI confirmation upended key Senate deal on FISA
DOJ warns former red state is becoming the next California as governor embraces ICE limits
Trump-Meloni spat grows over claim Italian PM ‘begged’ for photo: ‘astonished’
SEE IT: Dem senator downplays security threat of illegal immigration after White House terror plot
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.
Schiff silent on Biden-era Newsom probe report as California AG claims DOJ ‘weaponization’
Trump reveals new Air Force One will fly over DC on July 4
Transgender former New Hampshire state representative sentenced to 33 years for child sex abuse: report
WATCH: Boozy boaters unleash wild riverfront brawl as fists fly at popular South Carolina sandbar
Clarence Thomas and Two Fellow Conservatives Form Unexpected Majority with Two Liberals in SCOTUS Decision
Satanic: Muslim Pedophiles Told UK Girls That Being Raped Would Take Away Their Sins
Fox News True Crime Newsletter: Gilgo sentencing, a warning from ‘Happy Face,’ Mangione psychs himself out
Florida subpoenas MLB for ‘selectively enforcing’ uniform rules to reprimand Christian pitchers
Newsom rejects scaled-back billionaires tax as ballot fight looms
Washington hosts relatively muted Juneteenth compared to America 250 events
Watch: Trump Physically Supports Marine Maj. James Capers, 88, Before Awarding the Unkillable Vietnam Vet the Congressional Medal of Honor
Reporter’s Notebook: How Trump’s surprise move on DNI confirmation upended key Senate deal on FISA
DOJ warns former red state is becoming the next California as governor embraces ICE limits
Trump-Meloni spat grows over claim Italian PM ‘begged’ for photo: ‘astonished’
SEE IT: Dem senator downplays security threat of illegal immigration after White House terror plot
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.
