Headline from Reuters:
Trump lacks team and clear plan for quick tax reform
Never let reality get in the way of a good stock bubble.
I will throw in the caveat that these folks on Wall Street are supposed to know what they’re doing. They have historical data and are supposed to trade stocks based on real things.
In this case (and in many others) they’ve decided to forego the rational prices and trends and just blow a giant fucking bubble. Of course they can give it a coat of cheap paint, but if the central hope underpinning your rally is nonexistent what does that say about you?
It means you’re a bullshit artist and a con man like Trump.