The U.S. stock market's bull run since 2009 will extend into 2017 if President-elect Donald Trump's plans to stimulate the economy with infrastructure spending and financial deregulation come to pass, according to strategists in a Reuters poll.
A sharp bounce on the DAX from the 10400 level in the last few sessions suggests that a corrective decline from the November highs is over and that this is now the first impulse as part of much higher prices.
In the context of how aggressively trends across all asset classes have progressed since Donald Trump’s U.S. Presidential election victory, it might seem like needless hindsight to revert back to a political assessment. Yet, there are so many interesting aspects of the U.S. election campaign and major developments in Europe as well that this is actually worth an extensive review. We begin with one of the more interesting post mortems on the Hillary Clinton loss.
If this were baseball, I am batting 500. As of Sunday night, the "No" vote in Italy was well ahead, and by Monday morning the winner, which I anticipated. I was not so certain about OPEC coming to a deal. I’m still skeptical it will remain sustainable. But to give you an idea, the Saudis and Iranians worked out a deal where the Saudis will cut 4.6% of their output per day while the Iranians only 2.3%. Keep in mind the Saudis are producing (round numbers) 10 million barrels a day while the Iranians nearly 4.