By SNW Asset Management via Iris.xyz
The markets are infatuated with the prospect of stronger U.S. economic growth, and are ready to believe in higher inflation and interest rates as suggested by the pro-growth agenda of President-elect Donald Trump. Since the election, the stock market has rallied and interest rates have risen sharply.
Infatuation and puppy love are certainly strong emotions, and it is easy to get caught up in the whirlwind. Yet few of these first crushes survive into adulthood, and not all pro-growth agendas are as successful as hoped.
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