TIME

A strange Trumphoria rules the U.S. stock market. For now

SOMEWHAT MYSTERIOUSLY, STOCKS have been on a tear since Donald Trump was elected the nation’s 45th President. And it’s not just that the Dow Jones industrial average is up nearly 800 points in the past three weeks. The parts of the market that are leading the Trump rally are a little baffling too—at least at first blush.

For instance,

You're reading a preview, sign up to read more.

More from TIME

TIME2 min readPsychology
It’s Not About Linking Gun Violence And Mental Illness
BETWEEN “CALLS FOR ACTION” AND OFFERS of “thoughts and prayers,” legislators across the political spectrum, ranging from Senator Bernie Sanders to President Donald Trump, were quick to assign blame to mental illness following the two recent mass shoo
TIME4 min read
A Guide To The Ides Of 50
I’VE BEEN FIELDING A LOT OF questions about dating apps lately. There are 2 a.m. texts like: “Is 55 too old to go on Tinder?” And existential laments like: “I thought I was just leafing through photos but it turns out I was swiping yes, yes, yes, whe
TIME2 min read
For the Record
‘To those who want to use xenophobia for political goals, we take the path of fraternity.’ IVÁN DUQUE, President of Colombia, announcing on Aug. 5 that babies born to Venezuelan refugees in the country from August 2015 to August 2021 would receive c