CONSCIOUSLY LIBERAL | The End of Trumpflation?
On November 9, the day after the US Presidential Election, I wrote a blogpost regarding market responses to the surprising Trump victory. It was an extraordinary day for markets as portfolio managers, institutional investors, traders, etc. scrambled for dividend-yielding stocks after pulling out of safe-haven investments. That marked the first day of Trumpflation, which famously led the DOW (DIA) and S&P 500 (SPX) to a 109-day streak without a decline of at least 1%. Both indexes were able to continue their streak even after the Feds raised interest rates to 0.75–1.00%.