Trump likes to take credit for the stock market gains during his first year in office but analysts disagree. As James Mackintosh explains in The Wall Street Journal, January 18, 2018"Many of the market-moving changes since the U.S. presidential election would have been just the same. Most important among them: The global economic rebound started before voters picked Mr. Trump, and would surely have continued. That rebound has driven up stocks and bond yields world-wide, and the U.S. is only in the middle of the performance table. From the day before the election, Italy, France, Germany and emerging markets have beaten U.S. stocks in dollar terms, including dividends, while Canada lags well behind."
Mackintosh concludes in Streetwise: "America under Mrs. Clinton would have had no corporate tax cut and no deregulation, and probably be a bit less lucrative for investors. But it would be wrong to give Mr. Trump much credit for the faster economy last year, and it is many years too early to know if his policies will provide a lasting boost."
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