When we look at the financial markets, we can see that one of the favorite maxims of the majority is that 'a rising tide lifts all boats.' To be sure, there is some clear truth to this assertion, as stocks are often influenced more by sentiment and momentum than anything else. But if we live and die by this type of mindset, it becomes much easier to fall victim to the whims of the fickle gods that rule broad valuations in stocks.
Chart View: SPDR S&P 500 Trust (SPY)
Chart Source: Gold Traders
Our current market environment is no different. In recent weeks, we have seen significant rallies in most of the major asset classes as investors place their faith in the campaign rhetoric of a pro-business President-elect (Donald Trump). But while there is no significant reason to doubt the intentions of these campaign promises, there is strong