Investors push the limits of a post-election rally for bank stocks
Plus: The odds of a December rate hike are high, Bill Gross unloads on Donald Trump, and next year could be good for stocks
- Investors continue to bet big on bank stocks, leaning hard on the assumption that President-elect Trump will get his way once in office. Beware of the longer-term factors.
- The odds of a December interest rate hike have hit 100%. In a normal world, we would consider that a certainty. But we know this ain’t a normal world.. The odds haven’t been this high in years.
- Bill Gross compares the election of Donald Trump to letting a fox in the hen house. A combination of the status quo.
- Believe it or not, there is a forecast for 2017 being a banner year for stocks. Stocks aren’t done going up yet.
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