Trump stock rally mostly benefiting the best-off

Public participation in the stock market fell to an all-time low of 52 percent in 2016 from a peak of 65 percent in 2007, according to a Gallup survey released in AprilAs the Dow nears 20,000 amid a Trump rally, longtime financial insiders see a difference compared with prior Wall Street landmarks: very little interest from the general public. Other milestones, such as when the Dow hit 10,000 in 1999, were accompanied by wide public discussion and celebration in the national media and at cocktail parties. “You’re not seeing that now,” said JJ Kinahan, chief market strategic at TD Ameritrade.

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