To The Moon

When former U.S. President Donald Trump was in office, he often became memes for his talk show-like statements, such as:However, this is a comedic genius who was "delayed" by the presidency, but after losing the presidency, he instantly "grew up" and revealed his "political vision" that he did not have when he was in office, and took a fierce "shot" at the current President Biden.

There is no denying that the highest inflation rate in the United States in nearly four decades is sweeping through major cities. Compared with gas prices of less than $2 per gallon during Trump's presidency, the average price of regular gasoline in the United States has risen to $5.01 per gallon, breaking the record high set in July 2008. Such sky-high prices are extremely painful for countless low-income consumers and even middle-class families in the United States.

Inflation

• Last Friday, the latest CPI for the United States was released, reaching a record high of 8.6%.
• Biden's approval rating hit a new low of 36%, the lowest point since taking office.
• On June 13, U.S. stocks plunged and suffered a Black Monday, with the $DJIA(.DJI)$ falling more than 1,000 points intraday, the $NASDAQ(.IXIC)$ slumping nearly 5% and the $S&P 500(.SPX)$ falling 3.88%, entering a bear market.

The reason for this plunge in U.S. stocks is that U.S. inflation is at a record high again. As mentioned above, the latest US CPI release reached 8.6%, exceeding the previous forecast extreme (8.3%). The market believes that the worst-case scenario for U.S. inflation will not exceed 8.3%, but it turned out to be harder than that, so how can the market not panic.

Stock

President Joe Biden may not be as obsessed with the stock market as his predecessors - at least not as publicly. But the turmoil on Wall Street this year has dealt a heavy blow to the president. Since Biden's inauguration last year, the S&P 500's gains have now all come back down.

I found a pic online: 

If there is any consolation for Biden, it is that the market crash in the early days of his presidency was not as bad as some of his predecessors experienced, according to Sam Stovall, chief investment strategist at CFRA Research.

During the first 510 days of Ronald Reagan's presidency, the U.S. stock market plunged 16.5 percent, and inflation levels were at an all-time high during that time.

The stock market had fallen 25 percent in the early days of George W. Bush's presidency, when it was in the midst of the collapse of the Internet bubble and struggling to recover after 9-11.

However, both Reagan and Bush Jr. were eventually re-elected.

Meanwhile, the stock market soared by more than 20 percent in the early years of both Bush Sr. and Trump's presidencies.

Neither was elected to a second term.

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