Stocks have rallied since President-elect Donald Trump’s win last week, with the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) notching new record highs. Is this euphoria here to stay? Yahoo Finance Executive Editor Brian Sozzi spoke with Saira Malik, Nuveen Head of Equities and Fixed Income and Chief Investment Officer, as well as Nela Richardson, Chief Economist and ESG Officer at ADP, to kick off Yahoo Finance Invest. According to Richardson, President-elect Trump’s win as well as the strong economy are the keys to the market rally. She said “the certainty and the fundamentals together” boosted markets more than anything. Malik explained that we’d need a "catalyst" to take the market lower, adding that we don’t currently have one. In terms of positioning your portfolio in this environment, she gives two key things to watch. First, the Fed and the likelihood that a pickup in inflation in 2025 could mean fewer rate cuts. Second, the broadening market rally. Malik said, “tech stocks have moved a little bit more out of favor… I think the broader market is going to be picking up the slack.”
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