It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?
Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.
Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.
How’d that work out? The stock market flirted with record highs.
U.S. stocks rallied Wednesday, with the Dow industrials jumping 257 points, led by a surge in financial, health-care and industrial stocks, as investors bet on the infrastructure spending policy promised by President-elect Donald Trump.
Trump’s acceptance speech early Wednesday mentioning Keynesian-style spending and sounding a touch more conciliatory than had been the case during his campaign appeared to reset investors’ expectations.
This is his “specialty”?