Markets Hail Trump’s Economics

Twenty-three Nobel laureates in economics warned two weeks ago that Donald Trump’s economic agenda would be disastrous for the U.S. Immediately after Mr. Trump’s landslide victory, financial markets showed they vehemently disagree. Let’s hope none of the Nobel laureates adjusted their retirement portfolios; otherwise their 401(k)s may be suffering as badly as their reputations.

Asset prices are fickle, and long-term economic performance is the ultimate measuring stick. But recent days prove markets’ unambiguous embrace of the Trump 2.0 economic vision. Markets are signaling expectations of higher growth, lower volatility and inflation, and a revitalized economy for all Americans.