Barry Ritholtz, Columnist

Love Trump? Hate Him? That's No Way to Invest.

Partisan political views only increase the odds of making poor financial decisions.

January 20, 2017 at 4:10 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

If you see "buy" or "sell" signals here, get your vision checked.
Photographer: Kevin Dietsch/getty images

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Today is the day that Donald J. Trump will be inaugurated as the 45th U.S. president.

From weeks before the election right up until today, talking heads have been telling us how momentous this will be for the stock market. First, the pundits warned us of an imminent market slump. Then when the markets defied their expectations and rallied after his surprise victory, they crafted an explanatory narrative of deregulation, infrastructure stimulus and tax cuts. Now, with markets going nowhere, the sages are blaming high U.S. stock valuation.