Biden heads into inauguration with a stock market tailwind [MSNBC.com]
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Source: MSNBC.com
U.S. President-elect Joe Biden speaks as he announces members of economics and jobs team at his transition headquarters in Wilmington, Delaware, January 8, 2021.Kevin Lamarque | ReutersJoe Biden moves into the in the coming week with the biggest stock market tailwind since a presidential Election Day in at least 70 years.According to data going back to 1952, the near 13% gain since Nov. 3 would be the biggest increase in the S&P 500 between the election and inauguration if the gains hold, according to CFRA. John Kennedy's 8.8% gain had been the best, followed by Dwight Eisenhower, with 6.3% and Donald Trump with 6.2%.Biden's promise of the$1.9 trillion relief packageThe Rev. Martin Luther King Jr. holiday starts off the week, and over the next four days several dozen S&P 500 companies report earnings. Bank of America, Goldman Sachs, IBM, Intel and Procter & Gamble are among the companies reporting.Biden will have no honeymoonThe $1.9 trillion stimulus package is at the top of the age
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