Trump rally as much about real economy as hopes for stimulus

[McFurd]

Market Watch - 2/10/2017 - Jeffry Bartash - Political brawls are breaking out every day in Washington and President Trump is tweeting away on matters controversial and mundane, but Wall Street just keeps merrily marching to record highs. How long can the rally blissfully go on? The surge in U.S. stocks DJIA, +0.48% since the November election has been fueled by the ascension of businessman Donald Trump. His promises to cut taxes, reduce regulations and boost spending on public works has elated most investors and executives. Call it the hoped-for economy. The rally is not all about rosy scenarios, though. A raft of recent reports also suggest the U.S. economy might be on the upswing early in the new year. Consumer confidence recently hit fresh highs, manufacturers are posting the strongest growth in several years and companies are still hiring at a rapid clip. The good economic news has been reflected in strong quarterly profits for American companies. Read more @ http://www.marketwatch.com/story/trump- ... 2017-02-10