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.
Charlie Kirk’s New Book Rockets to Top of Bestseller List on Day 1 – Publisher Scrambles to Print More Copies
Deep Dive: No, the Jews Do Not Teach Jesus Is Being Boiled in Filth as a Punishment
Minnesota college administrator accused of impeding ICE arrest to protect student sexual predator
Democrats set expanded targets after surprise victories in Florida and Georgia
Fugitive repeat offender keeps walking free as courts let him loose to hurt people, experts warn
Pro-Trump clerk convicted in 2020 election scheme threatened, attacked in prison, lawyer says
Thomas Massie introduces bill to pull US out of NATO: ‘America should not be the world’s security blanket’
Florida’s CAIR threatens lawsuit against DeSantis after he labels group a ‘foreign terrorist’ organization
Top US political figures lend legitimacy to Qatari forum allied with array of anti-American groups
3 people arrested after 7 Providence College students overdose at off-campus party
Trump says New York Times questioning his stamina could be ‘treasonous’
Trump mocks Ilhan Omar’s ‘turban’ in latest anti-Somali tirade
Trump compares real wages under his admin versus Biden’s during speech calling out Dem affordability ‘hoax’
Trump gives update on wounded National Guard member 2 weeks after DC ambush shooting: ‘He got up from bed’
American skydivers reclaim world record from Libya with massive flag jump on Pearl Harbor Day
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.”
Charlie Kirk’s New Book Rockets to Top of Bestseller List on Day 1 – Publisher Scrambles to Print More Copies
Deep Dive: No, the Jews Do Not Teach Jesus Is Being Boiled in Filth as a Punishment
Minnesota college administrator accused of impeding ICE arrest to protect student sexual predator
Democrats set expanded targets after surprise victories in Florida and Georgia
Fugitive repeat offender keeps walking free as courts let him loose to hurt people, experts warn
Pro-Trump clerk convicted in 2020 election scheme threatened, attacked in prison, lawyer says
Thomas Massie introduces bill to pull US out of NATO: ‘America should not be the world’s security blanket’
Florida’s CAIR threatens lawsuit against DeSantis after he labels group a ‘foreign terrorist’ organization
Top US political figures lend legitimacy to Qatari forum allied with array of anti-American groups
3 people arrested after 7 Providence College students overdose at off-campus party
Trump says New York Times questioning his stamina could be ‘treasonous’
Trump mocks Ilhan Omar’s ‘turban’ in latest anti-Somali tirade
Trump compares real wages under his admin versus Biden’s during speech calling out Dem affordability ‘hoax’
Trump gives update on wounded National Guard member 2 weeks after DC ambush shooting: ‘He got up from bed’
American skydivers reclaim world record from Libya with massive flag jump on Pearl Harbor Day
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.
Charlie Kirk’s New Book Rockets to Top of Bestseller List on Day 1 – Publisher Scrambles to Print More Copies
Deep Dive: No, the Jews Do Not Teach Jesus Is Being Boiled in Filth as a Punishment
Minnesota college administrator accused of impeding ICE arrest to protect student sexual predator
Democrats set expanded targets after surprise victories in Florida and Georgia
Fugitive repeat offender keeps walking free as courts let him loose to hurt people, experts warn
Pro-Trump clerk convicted in 2020 election scheme threatened, attacked in prison, lawyer says
Thomas Massie introduces bill to pull US out of NATO: ‘America should not be the world’s security blanket’
Florida’s CAIR threatens lawsuit against DeSantis after he labels group a ‘foreign terrorist’ organization
Top US political figures lend legitimacy to Qatari forum allied with array of anti-American groups
3 people arrested after 7 Providence College students overdose at off-campus party
Trump says New York Times questioning his stamina could be ‘treasonous’
Trump mocks Ilhan Omar’s ‘turban’ in latest anti-Somali tirade
Trump compares real wages under his admin versus Biden’s during speech calling out Dem affordability ‘hoax’
Trump gives update on wounded National Guard member 2 weeks after DC ambush shooting: ‘He got up from bed’
American skydivers reclaim world record from Libya with massive flag jump on Pearl Harbor Day
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.
