Wall Street: closing higher making hay while the sun shines

Wall Street closed higher on Tuesday with the Dow Jones Industrial Average making a fourth straight record close.

However, looking to bonds, it seems that that rout is stalling now as investors begin to ponder as to where all this might be headed. Meanwhile, the Dow Jones Industrial Average DJIA managed another bullish close by 54.37 points, or 0.3%, at 18,923.06. The S&P 500 index also managed a bullish close by 16.19 points, or 0.8%, at 2,180.39. The Nasdaq Composite Index managed to snap a losing streak and closed in the green as well by 57.23 points, or 1.1%, to finish at 5,275.62.

Yellen to advocate action vrs upturn in inflation? - BTMU

Markets are fixated on the economic prospects of Trump in the White House that include cuts to corporate tax and added fiscal spending. Many endorse this idea of reducing financial and environmental regulation although have not been privy to any actual plan as of yet from Trump's administration elect. There are inflationary implications and for that reason, bonds are selling-off, nominal rates are rising and so too has the US dollar, with the DXY through 100.00. US dollar index rises for the fifth day in a row

However, can this last or is this the markets making hay while the sun shines? In an early read on gold, the subject has been touched upon as trickle down economics may only be the start of the long painful road ahead to the US economy's full recovery. Gold intermarket: DXY or inflation to measure gold's outlook?