Dow Jones hits record high – is Trump good for stock markets?

Every twitch in the stock market is taken as a positive or negative sign, but the truth is we do not know what will happen next

Will Donald Trump as president be good or bad for stock markets? Should investors run for the hills in fear of 1930s-style protectionist policies that may damage global trade? Or should they hang around to enjoy the possible fruits of promised tax cuts and massive infrastructure spending in the US?

The debate rages fiercely and daily. Each twitch in the stock market is taken as support for one side of the argument or the other. The Dow Jones industrial average in the US has passed 20,000 for the first time because it is anticipating goodies in store; alternatively, it hasn't moved terribly far since mid December. Both statements are accurate.