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I'm failing to see where anything Biden has said or done could have any impact on the economy, other than the stagnation he helped perpetuate while Vice President.
Trump fans had no problem giving Trump the credit after the stock market started rising the day after Trump's election in 2016. Curious they don't want to do the same for Biden under the same circumstances 4 years later.
You are absolutely correct and have managed to call out about half the people that do stuff like this.
Best ways to cheat with statistics and analysis (aka Fake Science)
1) Cherry pick, especially when it comes to the start and stopping points. (that's whats going on here)
2) Filter data, remove data you don't like using non-scientific review
3) One-Way analysis, claiming X causes Y like red states cause hurricanes ignoring actual statistics. (Mostly used around here to attack blue states or red states with a flurry of bad science)
4) Focus on a small portion of data and then try to present it as proof or extrapolate to the whole picture. (This should officially named the US Women's Soccer method.)
5) Change the scale or measure. Switch back and forth between % and measure. ie) The stock market went up 100 points today followed by the stock market only fell by 0.4% today
I suppose that the market is excited by the development of the Biden vaccines to halt the Trump virus.
Historically, the market almost always rises for few weeks after a Presidential election -- regardless of who wins.
The real test will come a few months to a year down the road, when the policy changes pushed by any new Administration begin to take effect; same holds for the public's reaction to those changes.
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