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The record rally in stocks isn't about tax cuts

Some market pundits have recently argued that the likelihood of tax reform explains the surge in the market since the election in November. The S&P 500 is up over 20%. In a new research note, Credit Suisse’s Jonathan Golub says that’s wrong: Stocks are “ignoring Trump on taxes.” Yahoo Finance's Alexis Christoforous, Rick Newman and Nicole Sinclair discuss.