A stock-market selloff that trimmed 1,800 points from the Dow Jones industrial average in two days shows the risk that President Trump took in tying his administration’s policies to record highs.

Investors, not to mention critics, will now be sorely tempted to blame him for the decline, which knocked the Dow 7 percent lower while trimming the S&P 500 and the Nasdaq Composite Index by 6 percent and 5.7 percent, respectively.

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