An unexpected event began near the end of last year: The stock market, which had been going sideways since early 2022, changed direction and began heading up. Soon, it was in bull market territory. The trend is continuing into the new year: The Dow Jones Industrial Index closed above 38,000 for the first time Monday, a record high.
Is it the Trump Trade, as a Wall Street analyst claimed, an assumption that the former president could once again find himself in the White House a year from now?
Maybe. Maybe not. The stock market is a notoriously unpredictable beast, and good luck to you figuring out why it's behaving in a particular way.
