Record Stock Prices Aren’t the Result of Politics
The price an investor pays matters far more than the actions of any leader, and US equities look expensive.
Market cycles are more enduring than the term of any politician.
Photographer: Andrew Harnik/Getty Images
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“Their stock market today and our stock market today hit an all-time high,” President Donald Trump pronounced on Tuesday after his meeting with Japan’s new prime minister, Sanae Takaichi. “That means we’re doing something right.”