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Monday, April 23, 2018

In the weeks since Donald Trump was elected, the behavior of U.S. financial markets—and of the stock market in particular—has represented the triumph of hope over common sense. The steady melt-up of the main stock indices to all-time highs is rooted not just in a slowly improving domestic economy, but in optimism: hope that Trump will,…

IMAGE: A specialist trader is reflected on his screen on the floor of the New York Stock Exchange August 25, 2015. REUTERS/Brendan McDermid