Friday, February 17, 2017

Trump Is Not Driving The US Stock Rally

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Regardless of what the headline say, or majority thinks, this rally has nothing to do with Trump. Safe haven capital flows, largely from Europe, are pouring into the United States. Interest rates are rising, so the next logical destination is US stocks. Higher stock prices, a relentless trend that few can recognize, will slowly turn a bearish majority into raving bulls that see nothing but higher prices. That transition, almost certainly unrecognized by the majority of stock commentaries, will mark the beginning of the end of the Great 2009 rally. Few will make a fortune by selling near the top, likely around a crisis, while the majority will become the bagholders of yet another trend transition.

Headline: Donald Trump tweets that he's the reason the stock market is rallying

President Donald Trump has a message for stock investors: You're welcome.

Trump pointed to new "confidence and optimism" for the stock market's latest record run in a tweet Thursday. The Dow Jones industrial average, S&P 500 and Nasdaq composite all closed at all-time highs for five days straight, entering Thursday's session.


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