Buy? Sell? Politics may move the market, but rarely for long
Underlying economic trends and monetary policy have more impact.
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New York
THE US stock market shuddered last week on a report that President Donald Trump had tried to stop an FBI investigation of his former national security adviser, with the Dow Jones industrials falling 373 points in one day and drawing comparisons to the Watergate-era bear market.
If you think politics is roiling US markets, consider Brazil: the day after the Trump-induced turmoil on US exchanges, the Brazilian market fell 10 per cent and trading had to be halted after news of a bribery scandal engulfed its relatively new president, Michel Temer.
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