By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism.
Waelti: On stock markets, political promises and tailwinds
Placeholder Image
The uncritical media continue to praise President Donald Trump over buoyant financial markets since the election. The Dow Jones industrial average has risen some 10 percent since the election, including some 5 percent for first quarter of 2017 - all due to Donald Trump's genius, we are led to believe. Financial professionals and economists pay more attention to the S&P 500, consisting of the 500 largest American publicly-held corporations, than to the Dow, consisting of only 30 corporations.