The Dow Jones Industrial Average topped 22,000 points for the first time in history in the United States and President Donald Trump quickly took credit for the milestone.
But most investors and analysts argue Mr Trump is no longer the driving force behind the bull market rally like he was soon after the November election.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
