Market Euphoria Forgets Scary Campaign Promises

Market Euphoria Forgets Scary Campaign Promises

Wall Street is in heaven these days. Donald Trump's surprise election has led to a rally, carrying the Dow above 19,000 for the first time ever. The Trump rally has been sparked by hopes that the president-elect will follow through on promises to slash taxes, roll back regulation and ramp up infrastructure spending. Many are betting a focus on these strategies will finally unleash the American economy after years of sluggish growth.

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