Shares hit a record again. But is there a reason?

Dow, S & P 500, Nasdaq and Russell 2000 each time each time new heights on Monday, once a new time.

Investors are excitedly Giddy and obviously believe that both large blue chips will continue to develop most of their work in both multinational and in the United States.

Is the Donald Trump rally? Or Janet Yellen Rally?

Some strategists believe Trump’s stimulating plans and talk to a very heavy rule, the reasons for sharing shares.

Or do this, instead, is the continuation of the rally of Barack Obama?

In this Potus 44 you can claim that Potus 45 is a pretty good hand.

The strong work market inherited by Mirason and the general economy can be so confident in consumers and enterprises.

However, investors (and financial journalists) often give more loans to the president – they are likely to blame for their deserving the exchange performance.

RBC Strategist Jonathan Golub pointed to this in a report on Monday, “Message to the market: not about Donald”

Related: Trump does not kill the bull market

GOLUB noted that the S & P increased by the end of June by the end of June by the end of June – most surveys forecasted the next president of Clinton.

However, the shares have continued the rally since then because the Trump (at least the main media and wall street) has risen by 8%.

You can’t have both ways. Investors do not have a logical meaning to propose who continue to rally and continue to rally because they believe that the Trump will lose the Trump and continue to ride.

Since the winners of the Trump, many investors have risen since the presidential and the Republican Congress have earned a phenomenon.

However, GOLUB shows that the 10-year US Treasury revenues are at the end of the spring.

Of course, many investors were waiting for the stimulus from Clinton.

Again, investors claim that something that does not happen before the Trump has not been before starting, but they thought that many would lose.

Related: Shares fled 1% diving for an unusual long term

Thus, it is strange that everyone has quoted a market rally, which began a few months before everyone can win.

What really going? It is a constantly federal reserve for the last few months.

Yes. Markets react to Washington. However, Janet focuses on Janet Yellen rather than a white house.

Fed, before the election, will likely increase interest rates in December and said they could do this several times more than in 2017, regardless of whose victims with the president.

The Gospel for investors is that the US economy seems to be steadily, but does not appear under the risk of extreme warming.

Related: Here’s why the world’s biggest money manager is concerned

The latest jobs showed a worthy increase in wages in a 2.5% rate each year. However, this is not high enough to spark the fleeing inflation fear and grow rapidly to grow aggressively in the fed.

Even if yellen and fed growth increases three times this year, they can do it with a quarter point every time. This will push the Fed’s main short-term degree to 1.5% to 1.5%.

Still extremely low. At these levels, the shares would still be more attractive than bonds. Corporate gain must continue to rise in a healthy clip. And consumers will probably continue to spend.

Thus, investors would be smart to keep a look near Yellen and only has a myopical focus on the president,

Given this, it is built on Tuesday and Wednesday to testify in front of Congress. What is about the time and scale of future rides, and stand in full steamed rallies or died in his ways.

Cnnmoney (New York) For the first time 13 February 2017: 12:30 pm Do