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.
New Netflix Kids Movie Slammed as ‘One of the Most Satanic Inversions’
GOP lawmakers smell something else behind Big Tech’s AI doomsday warnings: ‘Something else going on’
‘As a Lifelong Democrat, I Am Ashamed’: Mom Blasts Her Party After Illegal Kills Her Son and His New Bride
Young swing-state voters cozy up to Democratic Socialists, say party establishment must ‘learn’ from DSA wins
European Leaders in Panic Mode Over Pete Hegseth’s Military Plans for the Region: Report
DEI Dies at Starbucks, but Not Before They Have to Pay Big Fine for Discrimination by Race, Sex in Florida
Ex-Dem insider reveals why Biden’s daughter threatened to sue her: ‘Bordered on parody’
Flock CEO, tech rivals called to testify before senators over AI camera privacy concerns
Federal judges reveal private coordination behind Trump immigration cases and more top headlines
Watch: Jelly Roll 2.0 – Blue Collar Comedy Legend Ron White Attacks TX Republicans – This After Trashing Trump Online
Watch: Teary Dem in Squad Car Asks God to Deliver Her from DUI Arrest – Apparently Doesn’t Know Her Party Officially Booted God in 2012
Congress is vulnerable to a paralyzing terrorist attack
Judge Judy warns of ‘danger’ if prosecutors don’t retry Lindsay Clancy after murder trial ends in mistrial
‘Unprecedented’: Judges reveal behind-the-scenes coordination on Trump immigration cases
Apple TV’s thriller ‘Last Seen’ is worth seeing
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.”
New Netflix Kids Movie Slammed as ‘One of the Most Satanic Inversions’
GOP lawmakers smell something else behind Big Tech’s AI doomsday warnings: ‘Something else going on’
‘As a Lifelong Democrat, I Am Ashamed’: Mom Blasts Her Party After Illegal Kills Her Son and His New Bride
Young swing-state voters cozy up to Democratic Socialists, say party establishment must ‘learn’ from DSA wins
European Leaders in Panic Mode Over Pete Hegseth’s Military Plans for the Region: Report
DEI Dies at Starbucks, but Not Before They Have to Pay Big Fine for Discrimination by Race, Sex in Florida
Ex-Dem insider reveals why Biden’s daughter threatened to sue her: ‘Bordered on parody’
Flock CEO, tech rivals called to testify before senators over AI camera privacy concerns
Federal judges reveal private coordination behind Trump immigration cases and more top headlines
Watch: Jelly Roll 2.0 – Blue Collar Comedy Legend Ron White Attacks TX Republicans – This After Trashing Trump Online
Watch: Teary Dem in Squad Car Asks God to Deliver Her from DUI Arrest – Apparently Doesn’t Know Her Party Officially Booted God in 2012
Congress is vulnerable to a paralyzing terrorist attack
Judge Judy warns of ‘danger’ if prosecutors don’t retry Lindsay Clancy after murder trial ends in mistrial
‘Unprecedented’: Judges reveal behind-the-scenes coordination on Trump immigration cases
Apple TV’s thriller ‘Last Seen’ is worth seeing
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.
New Netflix Kids Movie Slammed as ‘One of the Most Satanic Inversions’
GOP lawmakers smell something else behind Big Tech’s AI doomsday warnings: ‘Something else going on’
‘As a Lifelong Democrat, I Am Ashamed’: Mom Blasts Her Party After Illegal Kills Her Son and His New Bride
Young swing-state voters cozy up to Democratic Socialists, say party establishment must ‘learn’ from DSA wins
European Leaders in Panic Mode Over Pete Hegseth’s Military Plans for the Region: Report
DEI Dies at Starbucks, but Not Before They Have to Pay Big Fine for Discrimination by Race, Sex in Florida
Ex-Dem insider reveals why Biden’s daughter threatened to sue her: ‘Bordered on parody’
Flock CEO, tech rivals called to testify before senators over AI camera privacy concerns
Federal judges reveal private coordination behind Trump immigration cases and more top headlines
Watch: Jelly Roll 2.0 – Blue Collar Comedy Legend Ron White Attacks TX Republicans – This After Trashing Trump Online
Watch: Teary Dem in Squad Car Asks God to Deliver Her from DUI Arrest – Apparently Doesn’t Know Her Party Officially Booted God in 2012
Congress is vulnerable to a paralyzing terrorist attack
Judge Judy warns of ‘danger’ if prosecutors don’t retry Lindsay Clancy after murder trial ends in mistrial
‘Unprecedented’: Judges reveal behind-the-scenes coordination on Trump immigration cases
Apple TV’s thriller ‘Last Seen’ is worth seeing
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.
