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US partisan conflict is at historically high levels, but the market doesn't care

Rising acrimony has been a fine environment for stocks, though possibly detrimental to the economy

The stock market has gone on one of the greatest bull runs in history despite rising levels of partisan conflict. Analyst say stocks tend to rise more rapidly when the Partisan Conflict Index soars.

New York

THE United States is so sharply divided that political consensus appears to fray almost daily. Yet two truths about politics can be demonstrated with hard numbers.

The first is that partisan conflict doesn't just seem to have become more intense this year: It has reached...

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