It has been difficult to quantify the bullish sentiment that has driven the stock market since the election of US President Donald Trump. That doesn’t prevent JPMorgan’s Michael Cembalest, Chairman of Market and Investment Strategy, from allocating performance driver causation on a rough percentage basis as he considers tax cuts and public-private partnerships for fiscal stimulus. JPMorgan’s Cembalest says majority of rally based on improving economic surveys On a day when the stock market engaged in a sharp afternoon reversal – after being up to 180 points, the Dow Jones Industrial, the elite large cap measure turned tail in the…
JPMorgan: 66% of the stock market rally is based on “improving economic surveys
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.