The post election rally continued this week, as one of the biggest sector rotations in memory continued. The bet that single party control of Washington will result in major deals on the issues businesses care most about, namely taxes and regulation, has continued unabated. Have investors gotten ahead of themselves? Maybe, but never underestimate the power of animal spirits in the market. The S&P 500 sticks out as the only major US index (top six charts) not to hit a new high this week, but it’s close and with the S&P equal-weight index making new highs, the market cap weighted index probably isn’t far behind.
If you’d like to see the rest of this week’s 40-page report covering market moves in this post-election period and what to expect going forward going forward, we cover it and much more in this week’s Bespoke Report newsletter, which we just sent to Bespoke subscribers. You can try out Bespoke’s subscription platform and read this week’s Bespoke Report by starting a 14-day free trial.
Have a great weekend!