york times: Writing in the op-ed pages of Wednesday's New York Times, he contended that Trump's dangerous obsession with the markets caused him to adjust policies to keep equity prices high, according to The Independent. Trump likes to brag about the stock market's performance since his election, and not without justification. And this is a bad thing Ruchir Sharma, chief global strategist of Morgan Stanley Investment Management and the subject of last week's Barron's interview thinks it could be. According to Wilshire Associates, as of Friday, the value of the broad U.S. stock market had increased by 9.1 trillion, or 35.6%, since its close on Election Day, Nov. 8, 2016. And if dividends are included, the S&P 500 total return index made it over the top to a new high on Friday, according to Dan Wiener, who co-edits the Independent Adviser for Vanguard Investors newsletter. Since Inauguration Day, Jan. 20, 2017, the Wilshire 5000 had increased by 6.9 trillion, or 26.6%. The major averages are a chip shot away from their records, with the S&P 500 index less than 1% under its Sept. 21 high.
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