Where exactly did I even once say this is not a 'Trump rally'? Of course it partly is. But the basis of this rally is (other than the proposed tax drop - which may be delayed) is nothing more than nonsense and/or liberal-style stimulus spending.
How many times do I have to explain it?
Trump has promised to drop taxes and spend like a drunken sailor on infrastructure...Wall Street loves both of these (the former is a good idea - the latter is a stupid one). Plus, Wall Street is still as in love with the Fed's near-ZIRP, ongoing QE and looking-the-other-way-while-the-deficit-goes-nuts policy.
The markets have been skyrocketing - off and on - ever since the Fed started going crazy (and the Great Recession ended) back in '09. That has almost nothing to do with Obama or Trump directly...except they let them.
March 6, 2009. DOW is at 6,626. Today it is almost 21,000. The markets have been booming for years. And it is almost nothing to do with Obama or Trump. It is 90+% Federal Reserve imo.
If the Fed came out tomorrow saying it has ended QE forever and rose interest rates a full point...the 'Trump rally' would come to a gigantic halt.
https://www.google.ca/search?source...aqs=chrome.1.69i57j0j69i61j69i60l2j0.3128j0j8
The 'Trump rally' is nothing more than a continuation of the 'Obama rally'...neither of which has almost anything to do with the real reason for the rally...The United States Federal Reserve.