Business Day|The Market and the ‘Trump Effect’: What Do the Tea Leaves Say? – New York Times

Go ahead, deplore Donald Trump. Despise his message. Reject his appeals to exclusion and hatred. But do not make the mistake of treating him as a solitary phenomenon, a singular celebrity narcissist who has somehow, all alone, brought his party and its politics to the brink of fascism. He is the leading Republican candidate for president. He has been for months. The things he says are outrageous, by design, but they were not spawned, nor have they flourished, in isolation.

Business Day|The Market and the ‘Trump Effect’: What Do the Tea Leaves Say? – New York Times