“Since my election, we have added $10 trillion of wealth – the stock market is at an all-time high in history,” said the US president. “Part of the reason for this sudden change is due to features of a late [market] cycle phase where even positive news can be read as bad news for markets,” Amundi strategist said in a note. Most strategists still see further life in the already-record 9½ year US bull market. But Trump may end up regretting hitching his presidency to a rising stock market so late in the cycle. Last week, it emerged that that Press-Up, the State’s largest and fastest-growing pub and restaurant group, led by Paddy McKillen jnr, had decided to mothball plans for a stock market flotation.

Source: The Irish Times October 12, 2018 16:52 UTC