Know is a current transatlantic top five hit for the Chainsmokers.
All we know, thus far is that the Russell 2000 index, has bought into the story, that Donald Trump will indeed make America GROW again.
This is of course bad news for the Ringgit, because, Trump is going to pursue a higher interest rate regime to attract capital to the USA.
Bad news for the Ringgit is good NEWS for Malaysian EXPORTERS. Therefore, Malaysia won't roll over and die, but there will be a readjustment period.
CNN MONEY, has the story on the Russell 2000. Read Below :
Wall Street bets Trump will make America grow again
Here's a sign that Wall Street believes Donald Trump will be able to make America grow again: small-cap stocks are on fire since the election.
The Russell 2000 index of small stocks has spiked 10% to all-time highs since Election Day, blowing past the solid advance by the rest of the market.
That's more than four times the advance for the S&P 500, which caters to bigger stocks.
Not just that, but the Russell 2000 is on 12 th straight days of gain. That is the longest win streak for small caps since June 2003.
So why is a bet on small-cap stocks a bet on America?
It's because the companies in this index have little exposure to overseas markets -- and are closely linked to the American economy.
Wall Street is clearly starting to believe that Trump's infrastructure and tax plans will boost growth.
