US financial stocks closed at the highest level in nearly 10 years on Tuesday as hopes for deregulation of banks grow and investors ditch technology stocks for the previously unloved banking sector. Shares of some of the country’s largest lenders, including Citigroup, Bank of America and JPMorgan, climbed more than 1 per cent on Tuesday, pushing the S&P 500 financial index to 419.54 — a level it last touched in December 2007 before the financial crisis had fully taken hold.
Need I say more about the absurdity of this? This valuation is based on Trump and a world economic model that's failing.
Is anyone surprised as a result that to the extent that it's possible my pension savings have no exposure to stock exchanges? I hope not.