Strange. Wall street money bet on Hillary and worked against Trump during the elections. The greater fool theory states that the price of an object is determined not by its intrinsic value, but rather by irrational beliefs and expectations of market participants. A price can be justified by a rational buyer under the belief that another party is willing to pay an even higher price.
The election results gave Investors a cautious green light and the markets clearly indicate they believe in the financial mastery of Donald Trump. Not since December 2011, has the market performed so well. All things considered, Trump's victory sends a message to Investors that with him in charge of the financial sector of our economy, as President, they can breathe a sigh of relief. Most economists believe that Trump, even with his flaws, has a keen eye for business and therefore they appear to be giving him the benefit of the doubt. It seems clear to me with the gains of the DOW, Trump has sent a financial wink to the business world and the best could be yet to come.
Under Trump, the U.S. economy is going to improve. Trump wants to make it possible for health care companies to operate. Trump wants to promote American business. These companies have every reason to be optimistic following the results of the election, and these results showed in the jump in the stock market following the election.
It is hard to predict why the DOW is going up and down. It has more to do with faith in a particular product or products in general than a measure of how well the product is going to do. So for now, people have faith that Ameican businesses are going to do well