Stock Market's have been moving aggressively higher since the Presidential election, with the Dow Jones Industrial Average (NYSEARCA:DIA) closing in on 20,000, the S&P 500 (NYSEARCA:SPY) crossing 2,250 and NASDAQ (NASDAQ:QQQ) composite sitting at over 5,400.
Adding fuel to the recent stock market fire seems like a pure lack of liquidity in the stock markets, with a rotation from fixed income flowing into the stock markets. (NYSEARCA:TLT)
Meanwhile, it would seem small caps have performed extremely well during this post-election run. The iShares Russell 2000 Growth Index (ETF) (NYSEARCA:IWO) have rallied.
One needs to remember that the stock market never goes up in a straight line and that a pullback is likely coming at some point in at the beginning of 2017.
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