Market Outlook Under 2nd Trump Administration

Alec Young looks at bond auctions and credit spreads to get an idea of risk appetite. He also discusses SMID stocks, inflation data, and what Trump 2.0 means for the market on Schwab Network.

Looking for Value in Market Froth

He notes that a lot of expensive stocks are still running up, including Palantir (PLTR), despite trading at high P/E ratios.

He thinks there will be a market rotation into defensive names as investors chase value.