The stock market is a weird thing.
I was listening to Bloomberg this morning and the pundits were pontificating as to the reason for the recent run up in stocks. Everyone agreed that it had everything to do with Trump, however the core reason for the run up was in dispute. Some said that the market was still factoring some sort of Trump “stimulus” of the classic Keynesian type. Others pooh poohed this idea and said that it was “animal spirits”