Reconciling the Dow and the Dollar

Landon Thomas Jr. had a NYT piece noting the peculiar divergence between the stock market, which has risen sharply since Donald Trump's election and the dollar which has fallen. The article claims this is peculiar since both tend to move in the same direction, rising in a strong economy and falling in a weak economy.

Actually, this is not really true. There have been many long periods where they have gone in opposite directions. For example, the dollar peaked in the mid-80s and then fell thro...