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Data: Yahoo! Finance; Chart: Danielle Alberti/Axios

Stocks rose faster in the one month of trading following the 2020 election than in the month of trading that followed the 2016 election.

Between the lines: There are many macro differences between the 2016 and 2020 periods, most notably the pandemic, but both elections took place amid bull markets.

By the numbers:

  • Dow Jones: +9.96% in 2020 vs. 7.77% in 2016
  • Nasdaq: +11.68% in 2020 vs. 4.83% in 2016.
  • S&P 500: +9.79% in 2016 vs. 5.61% in 2016.

President Trump said during this year's first debate that "If [Biden] is elected, the stock market will crash."

  • Not only was he wrong, but the market has responded more strongly than it did after Trump's election.

The bottom line: The stock market's performance is not necessarily tied to conditions in the so-called real economy, nor is it necessarily correlated to whoever is measuring the Oval Office drapes.

Go deeper: Trump stock market performance eclipsed by Obama

Go deeper

Jan 16, 2021 - Politics & Policy

The Biden team

Chart: Danielle Alberti/Axios
Ina Fried, author of Login
1 hour ago - Technology

Scoop: Google is investigating the actions of another top AI ethicist

Google CEO Sundar Pichai. Photo by Mateusz Wlodarczyk/NurPhoto via Getty Images

Google is investigating recent actions by Margaret Mitchell, who helps lead the company's ethical AI team, Axios has confirmed.

Why it matters: The probe follows the forced exit of Timnit Gebru, a prominent researcher also on the AI ethics team at Google whose ouster ignited a firestorm among Google employees.

2 hours ago - Politics & Policy

Scoop: Joe Biden's COVID-19 bubble

Photo illustration: Aïda Amer/Axios. Photo: Joe Raedle/Getty Images

The incoming administration is planning extraordinary steps to protect its most prized commodity, Joe Biden, including requiring daily employee COVID tests and N95 masks at all times, according to new guidance sent to some incoming employees Tuesday.

Why it matters: The president-elect is 78 years old and therefore a high risk for the virus and its worst effects, despite having received the vaccine. While President Trump's team was nonchalant about COVID protocols — leading to several super-spreader episodes — the new rules will apply to all White House aides in "high proximity to principals."