held steady. My Updated US Stockmarket Analysis below – Still Bullish.
The Trump rally from election day to inauguration was 6% (refer below).
The greatest rally came in the lead up to the inauguration of Herbert Hoover
in 1929 (that didn’t turn out to well in the end!)
Earlier on the White House web site announced a target of 4% annual GDP growth, double its non-inflationary potential, so only attainable with the sugar pill of substantial fiscal stimulus. This would put Trump on a collision course with Fed Chair Yellen who noted in a speech yesterday that fiscal policy could affect “the appropriate policy path”. More background on that here https://www.tradingfloor.com/posts/inflation-update-puts-yellen-on-collision-course-with-trump-8401544
Neither protagonist wants a higher USD, yet both are setting out on a path to achieve it