Why Trump has little influence on rising or falling stocks
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February 7, 2018
WASHINGTON (AP) — For months, President Donald Trump boasted about having steered the U.S. stock markets to record high after record high.
What a difference a few days can make.
The market free-fall, explosive volatility and now partial recovery of stock prices have served as a stark reminder that Trump, like his predecessors, isn't commander in chief of the U.S. economy — or the financial markets. The markets pivot on forces that owe at least as much to computerized trading programs, overseas investors and global central banks as they do to a president's policies and force of personality.
The...
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