1Y Treasuries are yielding around 1.5% right now, while the S&P has rallied 22% in the past year. If you were to park your money somewhere, you would at least c

1Y Treasuries are yielding around 1.5% right now, while the S&P has rallied 22% in the past year. If you were to park your money somewhere, you would at least consider equities. The Fed ought to be smoothly unloading some of its balance sheet or otherwise increasing rates, but Mr. Trump doesn't seem too happy about that prospect. Most of the Americans who support him seem to think the Dow Jones is a report card for the economy. Mr. Trump has publicly badgered Powell regarding rate hikes in the recent past. It definitely feels like people believe the market is going to get even more euphoric, in which case one is tempted to be long in order to ride the bubble all the way up.