Citadel founder and CEO Ken Griffin cautioned that America’s market rally is being propped up by policies better suited to a recession than a growing economy. Speaking in New York, he said fiscal and monetary policies have created a “sugar high” that masks underlying risks like inflation and dollar weakness. Despite booming equities, Griffin pointed to gold’s record surge—up more than 50% this year—as evidence investors are quietly hedging against U.S. sovereign risk. Markets are going from strength to ...

The Trump administration is very much aligned with seeing the success of the American worker. So a number of the policies that are being effectuated really are about the average American family feeling that life is better and working better for them. This backdrop is fueling much of the enthusiasm that we see in markets in the United States.And then, of course, we're on a program of both fiscal and monetary stimulus that you would expect to see in the middle of a recession. We're seeing right here, right no ...