The Dow, S&P 500, Nasdaq and Russell 2000 every hit new all-time highs Monday.
Traders are giddy with pleasure and so they clearly consider that each huge blue chip multinationals and smaller firms that do most of their enterprise within the U.S. will proceed to thrive.
So is that this the Donald Trump rally? Or the Janet Yellen rally?
Some strategists consider Trump’s stimulus plans and discuss of killing many burdensome rules are the explanations shares are hovering.
Or maybe that is higher characterised as a continuation of the Barack Obama rally as an alternative?
You possibly can argue that POTUS 44 has dealt POTUS 45 a fairly good hand.
The stable job market and total financial system that Trump inherited could be the cause customers and companies are so assured.
However traders (and monetary journalists) are sometimes fast to offer the president extra credit score — and blame — than they most likely deserve for the efficiency of the inventory market.
RBC strategist Jonathan Golub pointed this…