Forget about the Fed, the US market driver is President-Elect Donald Trump. Since he was elected, he has provided the stimulus that the US has been dreaming about. Suddenly, the sun has come out–except for the solar industry which went dark–and everything from steel to copper has been become the darlings of the investment world.
Can it last? No, but does that matter. Hope always trumps reality (sorry for the pun). So, all the predictions of the commodity bubble bursting before the Chinese New Year seems like so yesterday. The expected 400 point drop in the Dow and the Trump recession? I wonder how Hillary feels about this?