Trennert: Amazing Dow Hit 20,000 Without Retail Investors

The video discusses the lack of retail participation in the bull market since 2009, despite significant market growth. It highlights skepticism among institutional investors regarding the Trump administration's impact on the market, particularly in terms of corporate tax reform. The video also examines economic data, noting a past earnings recession and potential growth in earnings, while considering the implications of Trump's policies on equities and bonds.

What are the expectations of institutional investors regarding the Trump administration as mentioned in the text?

In what ways does the speaker believe the Trump agenda could impact the equity and bond markets?