“Since my election, the stock market breaking one record after the other,” boasted of America President Donald Trump a year ago at the world economic forum in Davos. So he was right. At that time, the S&P 500 climbed-share index at 2873 points to an all-time high and had increased since the arrival of around 26 percent.

Martin Hock

editor in the economy.

F. A. Z.

Whether there was between his office and the bull and a causal link, it may be a fight. For Trump it was clear at the time, anyway: The American economy boome, thanks to its tax reform, the confidence of consumers and entrepreneurs is as high as they have been for decades.

Since then, the S&P 500 has risen 13 percent, from the current all-time high from September, separates the Index an even greater margin. This time the Trump in the eyes of Donald but has nothing to do with him and his policy.

On Wednesday, the President was Reportedly on a Cabinet meeting said, the youngest of the Minus was a “glitch”, a short interference pulse. The market will rise again, once the trade agreements were concluded.

Now, so it is with the economy, stock market and politics. Everything is going well, it is, of course, the merits of their own policy, it runs bad, it is initially insignificant, and at the end you can’t help it.