Chanticleer
The one number that could derail ‘dangerously bullish’ markets
The euphoria from Trump 2.0 is impressive, but equities have already been running for two years and strategists are starting to worry.
Did Donald Trump kill off the last bears left standing in global markets? The numbers certainly suggest so.
Since November 5, the day of the presidential election, a staggering $US1.8 trillion ($2.8 trillion) has been added to the value of the US sharemarket. In the context of a bull market that’s been running for more than two years, and with valuations already historically stretched, the euphoria that has greeted Trump 2.0 is impressive.
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