Equities have risen so much from the depths of the financial crisis that their value is blotting out everything else to an extent not seen since the dot-com bubble.
Global funds have made a “significant rotation” out of U.S. stocks into Europe excluding the U.K. and into Japanese equities.
With President Donal Trump expected to give specifics of his domestic policy agenda, the markets are expressing caution.
The market is on its biggest tear under a new president since LBJ.