The Trump administration is judging itself on the wrong market

US Treasury Secretary Steven Mnuchin has said stock prices are a good barometer of success for a presidency.
He may have been looking at the wrong market. 
Many on Wall Street tend to look at Treasury bonds as the “smart money” when it comes to predicting the future of the economy, because there are fewer retail investors than in the stock market. Additionally, those investors tend to be more sober-eyed and less susceptible to bouts of irrational exuberance.
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