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.
Massive trove of Republican voter and donor info breached in Biden DOJ probe: Senate chairman
Iowa Dem Senate candidate says he’s too busy campaigning to attend all state House votes
Missing Summer Wells’ father arrested on domestic assault charge in Tennessee
Mystery woman sought after American found dead in Costa Rican tourist destination
Watch: Kathy Hochul Stumbles in Debate Opening Statement and Republican Opponent Bruce Blakeman Pounces
The Houthis Are Receiving Help Directly from China as They Attempt to Build Their Own Game-Changing Weapon: Report
Trump says ‘we are looking into’ other Dan Sullivan on Alaska ballot, warns about governor’s race
New York governor debate heats up as Blakeman, Hochul spar over Trump, sanctuary status, ICE shooting
Does anyone want to win this race? Talarico and Paxton stumble to finish line in Texas Senate contest
‘Tsunami of Republican Money’ Could Turn Midterms Upside Down, Says Top Democrat
NY Dem Congressional Candidate Wants Cornell 7’s ‘Severed Heads on Pikes,’ Ignores That There’s Been No Trial
99,000 arrested at Mexican border in Trump’s first year versus two million in Biden’s year one
Schumer warns of Republican advantage that could change the battle for Senate control
Democrats have ‘dirty hands’ over complaints about Omar raid weeks before election, ex-prosecutor says
Trump announces massive oil, gas and mineral exploration plans in Greenland, touts national security benefits
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.”
Massive trove of Republican voter and donor info breached in Biden DOJ probe: Senate chairman
Iowa Dem Senate candidate says he’s too busy campaigning to attend all state House votes
Missing Summer Wells’ father arrested on domestic assault charge in Tennessee
Mystery woman sought after American found dead in Costa Rican tourist destination
Watch: Kathy Hochul Stumbles in Debate Opening Statement and Republican Opponent Bruce Blakeman Pounces
The Houthis Are Receiving Help Directly from China as They Attempt to Build Their Own Game-Changing Weapon: Report
Trump says ‘we are looking into’ other Dan Sullivan on Alaska ballot, warns about governor’s race
New York governor debate heats up as Blakeman, Hochul spar over Trump, sanctuary status, ICE shooting
Does anyone want to win this race? Talarico and Paxton stumble to finish line in Texas Senate contest
‘Tsunami of Republican Money’ Could Turn Midterms Upside Down, Says Top Democrat
NY Dem Congressional Candidate Wants Cornell 7’s ‘Severed Heads on Pikes,’ Ignores That There’s Been No Trial
99,000 arrested at Mexican border in Trump’s first year versus two million in Biden’s year one
Schumer warns of Republican advantage that could change the battle for Senate control
Democrats have ‘dirty hands’ over complaints about Omar raid weeks before election, ex-prosecutor says
Trump announces massive oil, gas and mineral exploration plans in Greenland, touts national security benefits
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.
Massive trove of Republican voter and donor info breached in Biden DOJ probe: Senate chairman
Iowa Dem Senate candidate says he’s too busy campaigning to attend all state House votes
Missing Summer Wells’ father arrested on domestic assault charge in Tennessee
Mystery woman sought after American found dead in Costa Rican tourist destination
Watch: Kathy Hochul Stumbles in Debate Opening Statement and Republican Opponent Bruce Blakeman Pounces
The Houthis Are Receiving Help Directly from China as They Attempt to Build Their Own Game-Changing Weapon: Report
Trump says ‘we are looking into’ other Dan Sullivan on Alaska ballot, warns about governor’s race
New York governor debate heats up as Blakeman, Hochul spar over Trump, sanctuary status, ICE shooting
Does anyone want to win this race? Talarico and Paxton stumble to finish line in Texas Senate contest
‘Tsunami of Republican Money’ Could Turn Midterms Upside Down, Says Top Democrat
NY Dem Congressional Candidate Wants Cornell 7’s ‘Severed Heads on Pikes,’ Ignores That There’s Been No Trial
99,000 arrested at Mexican border in Trump’s first year versus two million in Biden’s year one
Schumer warns of Republican advantage that could change the battle for Senate control
Democrats have ‘dirty hands’ over complaints about Omar raid weeks before election, ex-prosecutor says
Trump announces massive oil, gas and mineral exploration plans in Greenland, touts national security benefits
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.
