The Dow Jones Industrial Average is sitting above 21,100 after its best day of 2017. University of Indianapolis Associate Professor of Finance Matt Will says Wednesday’s 300-point gain shows that investors are confident in President Donald Trump’s economic policy plans. He says the potential repeal of the Affordable Care Act as well as tax breaks and deregulation are especially attractive to business.
While the market growth is a likely sign that investors are confident President Trump can actually accomplish his agenda, Will says he is "not as optimistic as the stock market." He says he believes Democrats in Congress will try to block his policies, meaning "expectations may be a little bit high."
The Dow gained 303 points Tuesday, closing at 21,115. The 21,000 mark came just five weeks after the Dow closed above 20,000 for the first time. However, Will says, "As some of these items are not able to be implemented, I think you’re going to see the market pull back a little bit."
Will says, in one sense, he is “not as optimistic as the stock market.”