What does the Dow hitting 40,000 tell us?

LAST week, for the first time in history, the Dow Jones Industrial Average closed above 40,000.

Unlike many right-wing commentators, I do not consider the stock market the best indicator of the economy’s health, or even a good indicator. But it is an indicator. And given the state of American politics, with hyperpartisanship and conspiracy theorising running rampant, I would argue that this market milestone deserves more attention than it has been getting.

Not to put too fine a point on it, but do you have any doubt that Republicans, across the board, would be trumpeting the Dow’s record high from every rooftop if Donald Trump were still in the White House?