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.
Reagan National Airport makes drastic change following deadly 2025 midair collision
Watch: Little League Coach Declares, ‘Jesus Is Still Lord’ Live on ESPN
El-Sayed’s half sister offered Oct 7 ‘blessing,’ one year after Hamas attack: ‘Allahu Akbar’
President Trump claims AOC, far-left Democrats are backing away from controversial positions
EXCLUSIVE: Kennedy Center board moves to name grounds ‘President Donald J Trump Plaza’
Netanyahu mocks UK as ‘Islamic Republic of Britain’
Trump Was Right All Along About Democrats’ Late-Term Abortion Agenda
Brave widow of slain UnitedHealthcare CEO Brian Thompson comes face to face with Luigi Mangione for first time
Houston police shoot gunman who indiscriminately fired on vehicles, injuring a mother and daughter
CNN’s Scott Jennings is Too Talented for the Network – Which is Why He Should Replace Karoline Leavitt
Exclusive: RNC Condemns DNC Vote to Abolish ICE – Party Has Been Overtaken by Socialists
GSA finds China-made tech labeled ‘Made in USA’ in federal procurement program, orders sweeping review
Darline Graham Nordone nabs Senate runoff endorsement from ex-primary rival Russell Fry
Danish PM calls migrants with ‘Islamic background’ the greatest threat as Europe braces for second migrant wave
‘Raw material for election fraud’: Expert flags voter-roll problems far beyond one state
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.”
Reagan National Airport makes drastic change following deadly 2025 midair collision
Watch: Little League Coach Declares, ‘Jesus Is Still Lord’ Live on ESPN
El-Sayed’s half sister offered Oct 7 ‘blessing,’ one year after Hamas attack: ‘Allahu Akbar’
President Trump claims AOC, far-left Democrats are backing away from controversial positions
EXCLUSIVE: Kennedy Center board moves to name grounds ‘President Donald J Trump Plaza’
Netanyahu mocks UK as ‘Islamic Republic of Britain’
Trump Was Right All Along About Democrats’ Late-Term Abortion Agenda
Brave widow of slain UnitedHealthcare CEO Brian Thompson comes face to face with Luigi Mangione for first time
Houston police shoot gunman who indiscriminately fired on vehicles, injuring a mother and daughter
CNN’s Scott Jennings is Too Talented for the Network – Which is Why He Should Replace Karoline Leavitt
Exclusive: RNC Condemns DNC Vote to Abolish ICE – Party Has Been Overtaken by Socialists
GSA finds China-made tech labeled ‘Made in USA’ in federal procurement program, orders sweeping review
Darline Graham Nordone nabs Senate runoff endorsement from ex-primary rival Russell Fry
Danish PM calls migrants with ‘Islamic background’ the greatest threat as Europe braces for second migrant wave
‘Raw material for election fraud’: Expert flags voter-roll problems far beyond one state
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.
Reagan National Airport makes drastic change following deadly 2025 midair collision
Watch: Little League Coach Declares, ‘Jesus Is Still Lord’ Live on ESPN
El-Sayed’s half sister offered Oct 7 ‘blessing,’ one year after Hamas attack: ‘Allahu Akbar’
President Trump claims AOC, far-left Democrats are backing away from controversial positions
EXCLUSIVE: Kennedy Center board moves to name grounds ‘President Donald J Trump Plaza’
Netanyahu mocks UK as ‘Islamic Republic of Britain’
Trump Was Right All Along About Democrats’ Late-Term Abortion Agenda
Brave widow of slain UnitedHealthcare CEO Brian Thompson comes face to face with Luigi Mangione for first time
Houston police shoot gunman who indiscriminately fired on vehicles, injuring a mother and daughter
CNN’s Scott Jennings is Too Talented for the Network – Which is Why He Should Replace Karoline Leavitt
Exclusive: RNC Condemns DNC Vote to Abolish ICE – Party Has Been Overtaken by Socialists
GSA finds China-made tech labeled ‘Made in USA’ in federal procurement program, orders sweeping review
Darline Graham Nordone nabs Senate runoff endorsement from ex-primary rival Russell Fry
Danish PM calls migrants with ‘Islamic background’ the greatest threat as Europe braces for second migrant wave
‘Raw material for election fraud’: Expert flags voter-roll problems far beyond one state
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.
