Wall Street Is Still Not Happy With the Economy

The stock market just can’t make up its mind whether 2018 is a good year or a bad one. Corporate America has gotten a tax cut; rising earnings; protectionist tariffs; and very moderate pay increases for workers. You’d think that would be enough, but investors are still dithering. I guess they know that this is all short-term stuff and Republicans have, so far, done precisely zero to provide a foundation for a strong economy going forward.