Barry Ritholtz, Columnist

Why Markets Love Trump's Tax Cuts

Put aside partisan feelings and recognize that the economy is getting a major stimulus.

January 29, 2018 at 5:05 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.”

It just doesn't matter what you think of the man.
Photographer: Ron Sachs/Pool/Getty Images

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It has barely been a month since the Tax Cuts and Jobs Act of 2017 passed. Despite a volley of criticism over the bill, Mr. Market has voted with his feet. The U.S. equity rally since then has been substantial -- so much so that many market observers seem fixated on negative issues such as valuation, the speed of the run-up, and why a bad ending is inevitable.