Stocks rising, as do predictions of a sell-off

Stocks have marched higher and higher, up 5 per cent since President Trump took office six weeks ago, and the rally has become one of his favourite boasts.

And there is plenty of economic data to justify the ebullience.

The economic indicators are certainly heartening, they say, and Trump’s ambitious policy agenda, which includes a market-friendly triad of rolling back regulations on businesses, overhauling corporate taxes and spending $1 trillion (£0.82 trillion) in infrastructure projects as top priorities, looks encouraging, as well.

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