The Dow’s Record High Masks Deep Trouble for Stocks

It's fitting that the market response to President-elect Donald J. Trump — a brash nationalist with an "America first" credo — was a new record high for the Dow Jones Industrial Average to cap the best week on Wall Street in five years. Treasury bonds were routed. While the Dow's surge is exciting, the turbulence overseas and in other areas of the market cannot be ignored.