Market Has a Long History of Disinterest in Politics

There has been so much political chatter in the last few days, and the one constant theme I see is how folks are astonished that the market doesn't go down on whatever happens in Washington, D.C. I would like to remind everyone that back before President Trump was inaugurated, I wrote about the market and politics and showed that even during the Nixon years it took a hiking Fed to move the market lower.

Sure, we have a hiking Fed now, but is 50 basis points in nearly 18 months a hiking cycle? Perhaps it will matter as we get closer to the June hike, or at least the potential for a June hike. But it remains my view that politics alone can't take the market down (or up). It takes some sort of financial reason to push it along....323 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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