Since the 2009 low, markets around the world have focused on monetary policy (from Global Central Banks) to save the day. Since the election, we are now experiencing a massive shift away from monetary policy and toward a bullish fiscal policy. Monetary Policy Is Still Bullish:Currently, monetary policy, at nearly every major central bank around the world, including the U.S. Federal Reserve, remains bullish for risk-assets (mainly equities). At the time, the Fed told us they want to raise rates four times in 2016. Fiscal Policy Is Bullish:For the first time in over a decade fiscal policy has become bullish.

Source: Forbes January 28, 2017 17:02 UTC