From Market Intelligence Center:
There was a lot of fear leading up to the recent presidential election that a Trump victory would result in a material drop in stocks, but that outcome never occurred. Instead, following President Trump’s victory, and the Republican party assuming control of both houses of Congress, the market has rallied to new record highs.
There is a lot of uncertainty being priced into the market at this time, and the market is priced to perfection in hopes of tax cuts and economic growth under President Trump’s economic agenda.