Lubbock financial advisor shares what matters for your investments under the new administration Stocks hit record highs for Biden inauguration By Tori McGee | January 20, 2021 at 7:43 PM CST - Updated January 20 at 10:42 PM LUBBOCK, Texas (KCBD) - Stocks hit record highs Wednesday after the inauguration of President Joe Biden. The new administration has many investors questioning what will happen with the market in the coming months. “Over an entire presidency, or over an entire administration, many people are surprised to learn that the market has actually gone up under every single combination that we’ve had in Washington, regardless of who’s in control,” Tommy Wood, financial advisor with Edward Jones Investment, said.