The so-called Trump rally hasn't been an actual rally since mid-December
Here are some things to keep in mind when referring to the "Trump Rally"…
The S&P 500 (^GSPC) is up nearly 6% since Trump was elected, but that doesn't necessarily mean that the Trump Rally is still on.
When discussing the so-called Trump Rally, an argument can be made for referring to it in past tense, rather than in present tense – since it appears that the gain has essentially been stalled for more than 5 weeks now (having ended around December 13). In fact, the S&P 500 has now moved sideways for a longer period than the actual post-election rally (26 sessions vs. 25 sessions).
Source: Thomson Reuters Eikon
S&P 500 | |||
Change | # of Sessions | Point Range | |
Election Day (11/8)-Today | +5.7% | 51 | 159 |
11/8-12/13 | +6.2% | 25 | 154 |
12/14-Today | -0.4% | 26 | 48 |
Coincidence or not, Dec. 13 is the same day that Trump met with Kanye West at Trump Tower in New York.
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