U.S. stock markets' Record highs

I still don't understand why the U.S. stock markets keep smashing records. The all-time high, which Dow Jones, S & P 500 and Nasdaq have hit since Trump victory, may be related to President's promises of tax reform, deregulation and infrastructure spending. Moreover, European economy has started to gather momentum.

From another point of view, with an unemployment rate of at 4%, low interest rates and steady economic growth, the U.S. stock markets managed record highs. Moreover, European Union has started to gather momentum, and reports about the second quarter 2017 may elicit solid number better than expected.

As a result, We may find that we don't really need to listen to all those  analysts  and columnists who like to explain why the markets did what they did during the last nine months. A former technical analyst for CNBC, John J. Murphy, reminds us that a lot of experts didn't see the housing bubble bursting in 2007 until it was too late. That's why it's better looking at the markets instead of listening to the experts. All that really matters is what the markets are actually doing.   

A little air is coming out of the balloon

It seems that since 9th June a lot of people, such as investors, individual traders, market experts and columnists have been waiting for a new periodic crisis of the markets. As we saw in the first decade of last month, after major Wall Street indexes had touched new highs, the money began to flow out from the U.S. Stock Markets. Somebody said "a little air is coming out of the balloon".

For instance, U.S. chipmakers are aware that technology stocks have been on a all time high for a very long time. Actually, we could see "a rotation" as money may go out of  Stock Markets into other sectors.