I’m very skeptical. I remember 2008 well when we had a similar 1 day rally of over 1000 points...and then all hell broke loose. Until the government gets spending under control, we’re never going to get out of this. We might find temporary bandaids, but that’s it. Look at the interest on the debt by 2023...eventually we’re going to bleed out unless government stops the insanity.
With the exception of some of Trump’s trade policies, he’s been great for the economy. But you can’t address harmful regulation without also addressing the massive spending elephant in the room. Looking 5-10 years down the road, we’re heading for hyperinflation unless something is done.
Great points, also a big factor is that QE has ended and the feds are tightening, which means there is no money to pump up the equity markets.
You're right, but I do think it's necessary. The fact QE has been artificially pumping the market for the last decade is scary.