Dow 20,000: Fundamentals or Trump Expectations?

The video discusses the impact of the Trump administration on market expectations, highlighting improvements in credit markets and rising inflation expectations. It examines economic indicators like GDP and PMI, noting a slowdown followed by a recovery. The discussion shifts to market volatility, valuations, and the business cycle, emphasizing the role of the Federal Reserve in managing interest rates without causing a downturn. The overall outlook suggests moderate growth with potential rate hikes by the Fed.

What concerns were raised about the business cycle and how have those concerns changed?

What is the outlook for interest rate changes by the Fed this year as discussed in the text?