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.
El-Sayed’s Demeaning Usha Vance Comments Set Stage for Major Backfire with Key Demo
Obama Judge Once Again Orders Postal Service To Defy Trump’s Mail-In Ballot Executive Order
Dems face uphill battle in challenge to Georgia Congressional map under new SCOTUS rules
Abdul El-Sayed peppered with questions on Hasan Piker link, fracture with Jewish Dems at Michigan convention
UN Told Merchant Ships Not to Arm Themselves Against Pirates as Piracy Escalates
NYC parolee accused of killing 2 in 48-hour robbery spree hauled in after manhunt, cops say
Video: Parent Trips Youth Football Player Who Was Headed for a Touchdown
Beer bandits swipe PBR truck hauling 50,000 cans in California, leaving brand pleading for help
Dem House hopeful’s delayed disclosure reveals mystery payments from Soros-linked groups
Trump touts access to 65 billion barrels of Venezuelan oil in deal he says will slash gas prices
Pennsylvania commissioner accuses Shapiro of ‘deceptive’ measles death framing as RFK Jr blasts Dem governor
MS NOW’s O’Donnell Fumes at Trump Sharing Old Military School Pic, Gets Every Aspect of His ‘Report’ Wrong During Tantrum
Tech Giant Details How Its AI Went Haywire
Canadian Nat’l Broadcaster Caves to Outrage, Will Refer to 9/11 as ‘Terrorist Attacks’ After Insane Internal Memo Leaked
Trump confirms Pentagon plans for 25th anniversary of 9/11 attacks, disputes report on Ground Zero absence
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.”
El-Sayed’s Demeaning Usha Vance Comments Set Stage for Major Backfire with Key Demo
Obama Judge Once Again Orders Postal Service To Defy Trump’s Mail-In Ballot Executive Order
Dems face uphill battle in challenge to Georgia Congressional map under new SCOTUS rules
Abdul El-Sayed peppered with questions on Hasan Piker link, fracture with Jewish Dems at Michigan convention
UN Told Merchant Ships Not to Arm Themselves Against Pirates as Piracy Escalates
NYC parolee accused of killing 2 in 48-hour robbery spree hauled in after manhunt, cops say
Video: Parent Trips Youth Football Player Who Was Headed for a Touchdown
Beer bandits swipe PBR truck hauling 50,000 cans in California, leaving brand pleading for help
Dem House hopeful’s delayed disclosure reveals mystery payments from Soros-linked groups
Trump touts access to 65 billion barrels of Venezuelan oil in deal he says will slash gas prices
Pennsylvania commissioner accuses Shapiro of ‘deceptive’ measles death framing as RFK Jr blasts Dem governor
MS NOW’s O’Donnell Fumes at Trump Sharing Old Military School Pic, Gets Every Aspect of His ‘Report’ Wrong During Tantrum
Tech Giant Details How Its AI Went Haywire
Canadian Nat’l Broadcaster Caves to Outrage, Will Refer to 9/11 as ‘Terrorist Attacks’ After Insane Internal Memo Leaked
Trump confirms Pentagon plans for 25th anniversary of 9/11 attacks, disputes report on Ground Zero absence
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.
El-Sayed’s Demeaning Usha Vance Comments Set Stage for Major Backfire with Key Demo
Obama Judge Once Again Orders Postal Service To Defy Trump’s Mail-In Ballot Executive Order
Dems face uphill battle in challenge to Georgia Congressional map under new SCOTUS rules
Abdul El-Sayed peppered with questions on Hasan Piker link, fracture with Jewish Dems at Michigan convention
UN Told Merchant Ships Not to Arm Themselves Against Pirates as Piracy Escalates
NYC parolee accused of killing 2 in 48-hour robbery spree hauled in after manhunt, cops say
Video: Parent Trips Youth Football Player Who Was Headed for a Touchdown
Beer bandits swipe PBR truck hauling 50,000 cans in California, leaving brand pleading for help
Dem House hopeful’s delayed disclosure reveals mystery payments from Soros-linked groups
Trump touts access to 65 billion barrels of Venezuelan oil in deal he says will slash gas prices
Pennsylvania commissioner accuses Shapiro of ‘deceptive’ measles death framing as RFK Jr blasts Dem governor
MS NOW’s O’Donnell Fumes at Trump Sharing Old Military School Pic, Gets Every Aspect of His ‘Report’ Wrong During Tantrum
Tech Giant Details How Its AI Went Haywire
Canadian Nat’l Broadcaster Caves to Outrage, Will Refer to 9/11 as ‘Terrorist Attacks’ After Insane Internal Memo Leaked
Trump confirms Pentagon plans for 25th anniversary of 9/11 attacks, disputes report on Ground Zero absence
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.
