NEW YORK (AP) — The stock market has never been higher, and President Donald Trump would like more people to pay attention.
He complained in a tweet Tuesday that the market’s gains are seldom mentioned in news reports.
But analysts say it would be inaccurate to give Trump full credit for the market’s records, at least those set during the last few months.
Randy Frederick is vice president of trading and derivatives at the Schwab Center for Financial Research. He says the things affecting the market right now aren’t things that have been put in place over the last six months.
Stocks did surge after Trump’s electoral win in November. The hope was that Trump and a Republican-controlled Congress would cut regulations, revamp taxes, invest in infrastructure and enact other pro-business policies.
© Copyright 2017 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.