click for larger graphic
The WSJ has a great graphic (above) on the post election rally, noting the Russell 2000 has climbed 11% since Election Day, outpacing the S&P 500’s “mere” 2.7% rise:
“The S&P 500, Dow Jones Industrial Average and Nasdaq Composite climbed to a trifecta of records Monday as stocks extended their post-election rally.
Investors have piled into banks, health-care stocks and industrials on bets that President-elect Donald Trump would loosen regulation and boost infrastructure spending. At the same time, they have pulled back from Treasuries and their stock-market proxies, which are less attractive to investors when interest rates rise.”
Pre-election, I don’t recall seeing anyone making that market forecast . . .
In Stock-Market Rally, Small Beats Large
Akane Otani and Riva Gold
Wall Street Journal, November 21, 2016