The Market Is Soaring Again - Here’s the Truth Behind the Rally

""participants, meaning the Federal Reserve Bank officials, anticipated that if the data came in about as expected, with inflation continuing to move down sustainably to 2%" and the economy remaining near maximum employment, it would likely be appropriate to move gradually to a more neutral stance of policy over time. ... and as long as we don't see a major collapse in the job market, well, then you can expect the Fed to keep cutting interest rates.""

"Trump also gave a statement where he said uh that he wants to impose a 25% tax on all products that are entering the United States from Canada and Mexico and an additional 10% tariffs on all goods from China as one of his first executive orders."

"consumer confidence continued to improve in November and reached the top of the range that has prevailed over the last two years."

"housing sales have fallen to the lowest point that we have seen in two years."

"we have seen inventory of homes rising. ... homes are staying on the market for longer. ... we are seeing a larger inventory of homes that are available for sale."

"when homes are staying on the market for a little bit longer, that's when you start to see more price cuts and that's when you start to see more negotiation ability."

"Trump wants to cut interest rates. He wants to cut mortgage rates. Although he doesn't have that direct power, we can bet that he's going to put pressure on the Federal Reserve Bank to cut interest rates. He's going to put pressure into the mortgage market to get lower mortgage rates out there."

"Maybe lower mortgage rates could entice more sellers to leave or refinance which could help the mortgage lenders."

"over the long term it has been one of the biggest wealth buildinging asset classes out there. I mean stocks, real estate and starting a business are the three asset classes that have built more wealth than anything else over the last century."