The Atlantic

What on Earth Is Going On With the Stock Market?

Millions of Americans are worried that Donald Trump is an ominous figure. Investors have another theory: maybe not.
Source: Andrew Harnik / AP

Donald Trump so permeates the collective consciousness of the country that it is hard to imagine now living in a world without him. But there is one place where the president seems to be relatively invisible—the U.S. stock market.

The Dow, S&P, and Nasdaq have set record highs in the months after Trump’s election. On Thursday, the Dow has its tenth consecutive record closing in a row, at 20,810. This is happening, despite the fact that investors seemed terrified of a Trump

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

More from The Atlantic

The Atlantic4 min readPolitics
The Atlantic Politics Daily: Impeachment Comes to a Screen Near You
The witness to watch today was William Taylor, who showed up with new information. Plus, a new candidate for Obama’s heir—and for the 2020 Democratic primary?
The Atlantic15 min readPolitics
How Trump’s ‘Green Light’ Moment in Syria Shook the World
During a few wild weeks in October, U.S. allies watched as their own worst nightmare befell America’s Kurdish partners in Syria. Here's what that means for America’s standing in the world.
The Atlantic8 min readSociety
There’s Never Going to Be a Clear Standard for Impeachable Offenses
It’s tempting to think of the impeachable offense as a static construct. Either the president did a bad thing, or he didn’t. Either it was sufficiently bad as to be impeachable, or it was not. But this can’t be correct, either as a matter of common s