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Nicklaus: Stock market is sleepwalking past potential problems

Mar 7, 2017 - St. Louis Post-Dispatch (Missouri)

Shhh. Don't wake the stock market. It appears to be sleepwalking, and may get upset when it realizes how little explanation there is for the distance it's traveled.

Stocks have risen 11 percent since Election Day, largely on hopes that lower taxes, deregulation and infrastructure spending will supercharge corporate profits. Never mind that bizarre allegations of espionage are distracting Washington from substantive matters, or that Congress is a long way from consensus on a tax plan.

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