Investors who are viewing the coming years with “excitement over a more free-market economy and the appearance of a clear path to higher equity prices and bond yields” are enjoying the Trump Rally right now. Since the election, the S&P 500 has run up near 9.54% on the S&P 500. That’s not a bad year and it happened in three months in the face of trade headwinds, diplomatic woes and “alternative facts.” Is the stock market flying higher in the face of policy uncertainty headwinds the ultimate alternative fact? Could this be why Macro Allocation’s Paul Brodsky just isn’t “excited?”…
As The Trump Rally Powers Forward, Why Are Some Skeptical?
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.