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Animal Spirits are Alive and Well

Investor confidence was shattered in December but that’s already a thing of the past as markets ripped to the upside after a stellar jobs report and the Fed signaling a pause on future rate hikes. The hope now is for the U.S. economy to continue to grow, which means Americans will need to start splurging since consumer spending accounts for 76 percent of the U.S. economy. But without a pro-growth infrastructure plan and a significant wage increase that’s unlikely to happen. The big question for traders is whether or not to sell this rally or go all in, hoping the market can reclaim its all-time highs.

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