This Really Is Donald Trump’s Stock Market—for Better and Worse

President Donald Trump has exerted unprecedented influence on the U.S. economy, and global financial markets, since his return to the White House earlier this year. This year, they have shown a remarkable correlation to edicts from the key occupant in the White House. Key planks in his signature One Big Beautiful Bill Act tax policy, as well as his full-throated support for the artificial-intelligence sector, also have supported the massive investments from megacap tech companies that are driving both stock market performance and broader economic growth.

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