Markets

Weekly Comic: President Trump leads the bulls on a phenomenal rally

Investing.com -

Investing.com - U.S. stock markets scored their longest record-setting streak in a quarter century this week, amid optimism over President Donald Trump's pro-growth policies.

U.S. stocks closed at fresh highs Wednesday for a fifth-straight day, the best run in 25 years, as traders continued to bet on a pro-growth agenda under President Trump.

Trump has been credited with being a major catalyst behind Wall Street's impressive rally since election day, with some dubbing it the "Trump Jump", as investors welcomed his promises of tax reform, infrastructure spending and deregulation.

However, recent gains have led to speculation of a near-term reversal with some fund managers likening the current stock market euphoria to the dotcom bubble, which reached a peak on the last day of 1999 and then burst dramatically.

The question remains, who or what will be the cause of the reversal.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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