Barry Ritholtz: Market Performance Isn’t Due to President

In a recent Bloomberg article, the co-founder and chief investment officer of Ritholtz Wealth Management debunks the notion that the stock market’s record performance is tied to hopes around the president’s policy agenda. Ritholtz argues, “First, there is the tendency of the markets to ignore the dysfunction in Washington—as they have for most of the past decade. If the markets are really rallying on expectations of good things from the government, then the inability to… Read More

Bob Doll Talks Trump – 10 Takeaways for Investors

In this week’s Barron’s, Nuveen Asset Management’s chief investment strategist shared his list of the primary implications for investors of the Trump victory: Equity markets may remain generally positive toward Trump’s victory, for now. The rally in risk assets and the sell-off in Treasuries likely reflects that markets had priced in the probability of divided government. We expect further upward pressure on bond yields. Since its low point over the summer, the increase in the… Read More

The 800-pound Bull in the Oval Office

If you bought shares of a low-cost stock index fund on the president’s first inauguration day on January 20, 2009, you would now have tripled your money. This according to New York Times columnist Jeff Sommer, who says the Obama years have seen a “splendid market.” Sommer claims, however, that it isn’t talked about much by politicians. “The main reason,” he writes, “may simply be that the current bull market is suspect because it came… Read More