Are Equity Markets Getting Ahead of Themselves? Maybe...

Equity markets have been on a tear since the U.S. presidential election - dubbed the Trump rally, and most strategist expect this growth to continue into 2017.
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KITCO NEWS - Equity markets have been on a tear since the U.S. presidential election - dubbed the Trump rally, and most strategist expect this growth to continue into 2017. Kitco News' Daniela Cambone is joined by The Street's Scott Gamm to discuss what most bank analysts are forecasting for U.S. stock markets in the year ahead. Expectations for more equity strength is based on investors expecting President-elect Donald Trump to bring about to key factors: infrastructure spending and tax cuts, explains Gamm. 'The reality is that it's going to take time to get those tax cuts passed and get that infrastructure spending trickled down into the economy,' he adds. Since Election Day, the S&P 500 and the Dow Jones Industrial Average have rallied 5.6% and 8.29%, respectively. The S&P last traded at 2,259 while the Dow was last at 19,853.

This article is commentary by an independent contributor.