Tuesday, the S&P 500 closed at a record high of 3,389, erasing all losses since the coronavirus began and led to a selloff earlier in the year.
The Nasdaq also closed at a record high, topping 11,210.
The Dow Jones average is slightly down but within 6% of its record hard.
In March, economist Paul Krugman responded to the stock market rout due to coronavirus fears by gloating and ripping President Trump’s presidency.
Economists, myself included, often make a point of saying that the stock market is not the economy, which it isn’t.
It *is*, however, pretty much the Trump presidency.
Take away his magic talisman and there’s nothing left
Krugman has not commented today on the stock market on social media.