So the euphoria since the election had primarily been driven by Trump's 'deregulation and tax cutting' promises. We were told to expect specifics or else there'd be a correction. Trump gave the speech, no specific details whatsoever, just the usual vague spiel. The market soared! Why?
People have been saying the fed rate hikes will bring down the market. So then the Fed indicates its highly likely there'll be a rate hike in March. The market soared!
It seems that every price of news, even if negative, is being spun into a positive by the markets. Something about this rally just seems irrational and doesn't sit right with me. What do you all think?
Submitted March 01, 2017 at 06:44PM by exceptionalaverage http://ift.tt/2mGS2wr
